BinckBank

BinckBank N.V.
Company type	Naamloze vennootschap
Traded as	Euronext: BINCK
Industry	Financial services
Founded	2000; 24 years ago
Headquarters	Amsterdam, Netherlands
Key people	Koen Beentjes (CEO), Kees Scholtes (Chairman of the supervisory board)
Services	Stockbroker; Electronic trading platform
Revenue	€184.8 million (2010)
Operating income	€60.3 million (2010)
Net income	€44.2 million (2010)
Total assets	€3.217 billion (end 2010)
Total equity	€468.9 million (end 2010)
Number of employees	565 (FTE, end 2010)
Website	www.binck.com

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

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]^[5]

References

^ Jump up to: ^a ^b ^c ^d ^e ^f "Annual Results 2010" (PDF). hugin.info. BinckBank. Retrieved 7 February 2011.
^ Stevenson, Reed (October 31, 2007). "Dutch online broker BinckBank buys rival Alex". Reuters.
^ "Binck sells customerflow to Optiver". Amsterdamtrader.com. June 23, 2009.
^ "Recommended public cash offer by Saxo Bank for all issued and outstanding shares of BinckBank". GlobeNewswire. March 12, 2019.
^ "Denmark's Saxo Bank strikes deal to buy BinckBank for €424m". www.ft.com. Retrieved 2023-12-20.

External links

Official website

[AR2010-1] Jump up to: ^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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