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BinckBank is a Dutch
stockbroker A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and ...
age that offers an
electronic trading platform In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...
to
trade Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. Traders generally negotiate through a medium of cr ...
financial asset A financial asset is a non-physical asset whose value is derived from a contractual claim, such as deposit (finance), bank deposits, bond (finance), bonds, and participations in companies' share capital. Financial assets are usually more market li ...
s.


History

The company was founded in 2000 by four former employees of IMG Holland, a defunct
broker A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither ...
. 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 A branch, also called a ramus in botany, is a stem that grows off from another stem, or when structures like veins in leaves are divided into smaller veins. History and etymology In Old English, there are numerous words for branch, includ ...
. 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 Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...
for €390 million euros. In 2009, Binck announced a
joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
with the Dutch
market maker A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a tradable asset held in inventory, hoping to make a profit on the difference, which is called the ''bid–ask spread'' or ''turn.'' Thi ...
Optiver to create a platform to internalize Binck's order-flow to
Optiver Optiver Holding B.V. is a proprietary trading firm and market maker for various exchange-listed financial instruments. Its name derives from the Dutch , or " option trader". The company is privately owned. Optiver trades listed derivatives, cash ...
. In 2019, the company was acquired by
Saxo Bank Saxo Bank is a Danish investment bank specializing in online trading and investment. Established in 1992 as a brokerage firm under the name ''Midas Fondsmæglerselskab'' (English: ''Midas Stockbroker Company'') by Lars Seier Christensen and Ki ...
.


References


External links

* {{DEFAULTSORT:Binckbank Financial services companies of the Netherlands Companies based in Amsterdam 2000 establishments in the Netherlands