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BinckBank

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BinckBank N.V.
Company typeNaamloze vennootschap
Euronext: BINCK
IndustryFinancial services
Founded2000; 24 years ago (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

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

History

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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][5]

References

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  1. ^ a b c d e f "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.
  5. ^ "Denmark's Saxo Bank strikes deal to buy BinckBank for €424m". www.ft.com. Retrieved 2023-12-20.
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