BinckBank

BinckBank N.V.

Company type	Naamloze vennootschap
Traded as	Euronext:  BINCK
Industry	Financial services
Founded	2000;25 years ago (2000)
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) [1]
Operating income	€60.3 million (2010) [1]
Net income	€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]
Website	www.binckbank.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

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.
5. "Denmark's Saxo Bank strikes deal to buy BinckBank for €424m". ft.com. Retrieved 2023-12-20.

External links

• Banks portal

• Official website