BinckBank

BinckBank is a Dutch stockbrokerage that offers an electronic trading platform to trade financial assets.

BinckBank N.V.
TypeNaamloze vennootschap
Euronext: BINCK
IndustryFinancial services
Founded2000 (2000)
HeadquartersAmsterdam, Netherlands
Key people
Koen Beentjes (CEO), Kees Scholtes (Chairman of the supervisory board)
ServicesStockbroker
Electronic trading platform
Revenue€184.8 million (2010)[1]
€60.3 million (2010)[1]
€44.2 million (2010)[1]
Total assets€3.217 billion (end 2010)[1]
Total equity€468.9 million (end 2010)[1]
Number of employees
565 (FTE, end 2010)[1]
Websitewww.binck.com

History

The company was founded in 2000 by four former employees of IMG Holland, a defunct broker. The company was only acting as a broker in the professional market between banks and derivative firms. In October 2000, Binck opened a retail branch. Major trading firm AOT financed the start-up partly, taking a 52% stake, and bought the remaining shares in 2004.

In 2007, Binck acquired Alex Beleggingsbank from Rabobank for €390 million euros.[2]

In 2009, Binck announced a joint venture with the Dutch market maker Optiver to create a platform to internalize Binck's order-flow to Optiver.[3]

In 2019, the company was acquired by Saxo Bank.[4]

References
  1. "Annual Results 2010" (PDF). hugin.info. BinckBank. Retrieved 7 February 2011.
  2. Stevenson, Reed (October 31, 2007). "Dutch online broker BinckBank buys rival Alex". Reuters.
  3. "Binck sells customerflow to Optiver". Amsterdamtrader.com. June 23, 2009.
  4. "Recommended public cash offer by Saxo Bank for all issued and outstanding shares of BinckBank". GlobeNewswire. March 12, 2019.
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