Indonesia Stock Exchange (IDX) (, formerly ) 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). During recent years, Indonesia Stock Exchange sees fastest membership growth in Asia. As of September 2021, the Indonesia Stock Exchange had 750 listed companies, and total stock investors were about 6.4 million, compared to 2.5 million at the end of 2019. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. The current location of the Indonesian Stock Exchange is located in the IDX building in the Sudirman Central Business District, South Jakarta, close to Pacific Place Jakarta. History Colonial Era Historically, the capital market has existed long before Indonesia's independence. Since the new era of Dutch East Indies government they began to build plantations on a large scale in the Dutch East Indies. Sources of funds in building the plantation were obtained from the Dutch and other Europeans. Stock transactions in securities trading were first recorded in 1892, which was carried out by the Plantation Company in Batavia, namely Cultuur Maatschappij Goalpara, it was written that the company sold 400 shares at a price of 500 guilders per share outstanding. Four years later, Het Centrum also released a prospectus for the sale of shares with a value of up to 105 thousand guilders with a price per share of 100 guilders. After careful preparation, the first capital market in Indonesia was finally established in Batavia (Jakarta) on 14 December 1912, which was named Vereniging voor de Effectenhandel or Stock Exchange and immediately started trading activities. The capital market at that time was established by the Dutch East Indies government for the benefit of the colonial government. The shares traded are shares or bonds of Dutch companies/plantations operating in Indonesia where the bonds issued by the provincial and municipal governments have company share certificates issued by the administrative office in the Netherlands and then the securities of other Dutch companies. The development of the capital market in Batavia is so fast that it attracts people from other city. The development and growth of the capital market did not go as expected, even during several periods of capital market activity experiencing a vacuum. This was caused by several factors such as the war which required the stock exchange to