Binck expect no price battle Internet broker
AMSTERDAM (Dow Jones) - Binck do not fear for a new price
battle on the market for internetbeleggers coming year. That
couples drivers Andre Teeuw and Kalo Bagijn of the impact broker and -
trader Monday against Dow Jones nieuwsdienst. ABN AMRO made
Monday confessed the tariffs for convene by means of Internet with 20%
to 50% to reduce. With that the bank would be hardly more
expensive than the prijsvechters in the market, such as Binck.
Bagijn, the chief commercial officer from the Council of
governing board of Binck, are not under the impression of the
lowerings at the competitor. "price is to één
thing", says he, indicating on services such as real-time
koersinformatie, flashing computer applications for trade by means of
the Internet and satisfaction concerning the helpdesk. Bagijn
see for this reason no need reduce the tariffs, ABN AMRO remains more
expensive than Binck. Binck saw increasing last year the number
of private customers of 10,500 to zo’n 20.000. large parts of
the new customers came at ABN AMRO from. Chief executive Teeuw
says expect that the increase continues himself in 2005, simply.
"it seems that Internet bel disc harrows and mark name Binck
more and more synonyms become." Bincks’ Brokerage
for the market business has to suffer from the low volatiliteit on the
financiële markets. Because of this the turnover is pressed
and pays attention customers more to the pennies. The
competition is violent. But we expect that the volatiliteit
convert and will increase. The trade activities returned in the
last six-month period in positive figures. The afvloeing of
staff in Paris weighed still on the result. This activity is now
complete beëindigd. The Unit still acts in obligations from
Amsterdam. Furthermore it still occupies himself from London
with trade in derivatives and to that the related shares. <! - -
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A r t i k e l e n
07-03-2005
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profitable will be ' more Article...
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F O R U M
Expectation jaarcyfers and koerseffect Binck to new capacitance
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Source "Binck expects no price battle Internet broker": telegraph
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