Surabaya Stock Exchange
 | |
| Stock exchange | |
| Fate | Merged into IDX with JSX |
| Successor | Indonesia Stock Exchange |
| Founded | 1989 |
| Defunct | October 30, 2007 |
| Headquarters | Surabaya, Indonesia |
Key people | Bastian Purnama, Last CEO |
| Website | http://www.bes.co.id |
Surabaya Stock Exchange (SSX) (Bursa Efek Surabaya (BES) in Indonesian) 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]
History
On June 16, 1989, SSX started the operation.[2]
On July 22, 1995, the SSX merged with the Indonesian Parallel Stock Exchange (IPSX), leaving only two primary exchanges operating in Indonesia.[1]
On October 30, 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.
Products
SSX trades various products, including:
- Equities (stock)
- Bonds (Government Bonds and Corporate Bonds)
- Derivatives products (Japan Futures, LQ45 Futures, and Mini LQ45 Futures)[1]