Surabaya Stock Exchange (SSX) (

Indonesian Indonesian is anything of, from, or related to Indonesia, an archipelagic country in Southeast Asia. It may refer to: * Indonesians, citizens of Indonesia ** Native Indonesians, diverse groups of local inhabitants of the archipelago ** Indonesian ...

: Bursa Efek Surabaya (BES)) was a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

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

shareholder A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...

s. It was established in order to support the Indonesian government in

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

and economic development in the East Region of Indonesia.SSX Website

History

Surabaya Stock Exchange was originally opened in 1925 during the Dutch colonial era, but it was closed in early 1939 due to the ongoing

World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

. On 16 June 1989, the exchange restarted the operation. On 22 July 1995, the SSX merged with the Indonesian Parallel Stock Exchange (IPSX), leaving only two primary exchanges operating in Indonesia. On 30 October 2007, SSX was officially merged to

Jakarta Stock Exchange Jakarta Stock Exchange (JSX; Indonesian: Bursa Efek Jakarta (BEJ)) was a stock exchange based in Jakarta, Indonesia, before it merged with the Surabaya Stock Exchange to form the Indonesia Stock Exchange. History Originally opened in 1912 unde ...

(JSX) and becoming

Indonesia Stock Exchange Indonesia Stock Exchange (IDX) ( (BEI)) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In rece ...

(IDX) as a single exchange operating in Indonesia, besides Jakarta Futures Exchange.

Products

SSX trades various products, including: * Equities (stock) * Bonds (Government Bonds and Corporate Bonds) * Derivatives products (Japan Futures, LQ45 Futures, and Mini LQ45 Futures)

References

Indonesia Stock Exchange Stock exchanges in Indonesia Economy of Indonesia Financial services companies established in 1989 Financial services companies disestablished in 2007 Defunct stock exchanges History of Surabaya {{stockexchange-stub

History

Products

See also

References