Binck is a premium online broker in The Netherlands. It has a small presence in France, Italy and Belgium. It’s listed on Euronext. Once upon a time, Binck launched attacks on the sleepy old retail banks. Luring customers away from ABN Amro, Rabobank and ING. Das war einmal. The BinckBank is stuck in a moment, andRead more
ABN AMRO Clearing Bank is a household name in the trading industry. For trading firms, it clears 2.4 billion trades a year, on 90 exchanges. It’s the largest clearing bank in Europe. In fields as small sized market makers the bank has a monopoly. They would ditch the small clients if they could. In the world, ABNRead more
Today the European Championship will kick off in France. The Netherlands decided to participate in World Cups only. Saturday the championship will host matches with the national teams of Albania, Wales, Slovakia and Liechtenstein. More interesting teams show up in the small town of Abcoude. Eighteen teams will battle at the Financial Football Tournament. As always with greatRead more
Last year I wrote “Optiver killed it in 2014”. The most succesful Dutch trading firm had a great year. But how to write a headline for their 2015 results? The latest results are nothing short of amazing. Profits up 60% The net profit was €395 million in 2015. That’s almost €150 million more than the previousRead more
DeGiro needs cash. The discount broker is investing heavily in marketing. Advertising on TV and internet is expensive, and their balance sheet is apparently running empty. I got the hand on a confidential prospectus on a certain DeGiro offering. Showing more colour on the broker. DeGiro figures
