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Surabaya Stock Exchange (SSX) (Indonesian: Bursa Efek Surabaya (BES)) was a stock exchange that officially opened on June 16, 1989, based on the Minister of Finance Decree of Indonesia No. 654/KMK.010/1989 with only thirty-six shareholders. It was established in order to support the Indonesian government in capital markets and economic development in the East Region of Indonesia.[1]
 | |
Native name | Bursa Efek Surabaya |
|---|---|
| Company type | Stock exchange |
| Founded | 16 June 1989; 35 years ago (1989-06-16) |
| Defunct | 30 October 2007; 16 years ago (2007-10-30) |
| Fate | Merged into the Indonesia Stock Exchange with JSX |
| Successor | Indonesia Stock Exchange |
| Headquarters | Surabaya, Indonesia |
Key people | Bastian Purnama (last CEO) |
Surabaya Stock Exchange was originally opened in 1925 during the Dutch colonial era,[2] but it was closed in early 1939 due to the ongoing World War II.[3] On 16 June 1989, the exchange restarted the operation.[4]
On 22 July 1995, the SSX merged with the Indonesian Parallel Stock Exchange (IPSX), leaving only two primary exchanges operating in Indonesia.[1]
On 30 October 2007, SSX was officially merged to Jakarta Stock Exchange (JSX) and becoming Indonesia Stock Exchange (IDX) as a single exchange operating in Indonesia, besides Jakarta Futures Exchange.
SSX trades various products, including:
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