BinckBank
Encyclopedia
BinckBank is an independent Dutch online discount broker
, the largest in the country.
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. AOT subsequently adopted the Binck name for its own operations. In 2007 Binck bought its main rival in the discount retail brokerage from Rabobank
, Alex Beleggingsbank.
The shares are listed on Euronext
in Amsterdam
and are a constituent of the AMX index
.
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.
Stock broker
A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...
, the largest in the country.
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. AOT subsequently adopted the Binck name for its own operations. In 2007 Binck bought its main rival in the discount retail brokerage from Rabobank
Rabobank
Rabobank is a financial services provider with offices worldwide. Their main location is in the Netherlands. They are a global leader in Food and Agri financing and in sustainability-oriented banking...
, Alex Beleggingsbank.
The shares are listed on Euronext
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
in Amsterdam
Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. It merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext, and is now known as Euronext Amsterdam.-History:...
and are a constituent of the AMX index
AMX index
The AMX index, derived from Amsterdam Midkap Index, also known as Midkap index or simply Midkap, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. The index was started in 1995. It is composed of the 25 funds that...
.
Joint venture with Optiver
Binck announced to start a joint ventureJoint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
with the Dutch market maker
Market maker
A market maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn. From a market microstructure theory standpoint, market makers are net sellers of an option to be...
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.