Monday was the day of the Dutch retail brokers. Binck was about to release their third quarter earnings. Their friends at DeGiro steal the opportunity to grab the spotlight and get free publicity. Successful. DeGiro reported three numbers. The number of accounts, the number of transactions and the profit for the firm. They compare the firstRead more
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
The greatest joy of competition for customers is a drop in prices. It has taken a while, but finally we’re getting somewhere. Euronext announced today a fee rebate program for AEX index options (daily, weekly and monthly options). The fee for index options above a certain threshold will be lowered with 100%. No more expenses onRead more
TOM has announced to shut down it’s stock trading venue. In a short statement, strange enough only available in Dutch, it claims the market share of retail stock orders is only between 10% and 20% of all shares traded. And with a market share of 1% in this segment, it’s a loss making operation. SoRead more
My earlier post on some negative sides of the new broker DeGiro, 9 things I hate about DeGiro, has drawn a lot of visitors. DeGiro kept on expanding to almost every European country – and by doing so all new customers ended up over here (hi). Even gave some interviews to newspapers in Poland andRead more
