| Type | Naamloze vennootschap (Euronext: BINCK) |
|---|---|
| Industry | Financial services |
| Founded | 2000 |
| Headquarters | Amsterdam, Netherlands |
| Key people | Koen Beentjes (CEO), Kees Scholtes (Chairman of the supervisory board) |
| Products | Online discount brokerage |
| Revenue | €184.8 million (2010)[1] |
| Operating income | €60.3 million (2010)[1] |
| Profit | €44.2 million (2010)[1] |
| Total assets | €3.217 billion (end 2010)[1] |
| Total equity | €468.9 million (end 2010)[1] |
| Employees | 565 (FTE, end 2010)[1] |
| Website | www.binck.com |
BinckBank is an independent Dutch online discount broker, the largest in the country.[2]
The broker was founded in the year 2000 by four former employees of the defunct broker IMG Holland. The company was only acting as a broker in the professional market between banks and derivative firms. In October of the same year Binck opened a retail branch for online customers. Major trading firm AOT financed the startup partly, taking a 52% stake, and bought the remaining shares in 2004.[3] AOT subsequently adopted the Binck name for its own operations.[3] In 2007 Binck bought its main rival in the discount retail brokerage from Rabobank, Alex Beleggingsbank.[4]
The shares are listed on Euronext in Amsterdam and are a constituent of the AMX index.
Binck announced to start a joint venture with the Dutch market maker Optiver to create a platform to internalize Binck's orderflow to Optiver. In the future more market makers are allowed to participate in this joint venture, which is called TOM (The Order Machine). This move has been criticized by other professional market participants.[5]
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