Today BinckBank starts with the issuance of turbos in the Netherlands. A turbo allows clients to invest with leverage in underlying assets such as the AEX-index®, the DAX-index®, many Dutch and international stocks, and precious metals. This way the bank meets the demands of experienced and active investors who like to invest in turbos. BinckBank N.V. acts as the issuing institution and has appointed the Swiss bank UBS as market maker. Trading takes place through the Citigroup Automated Trading System (Cats).
"Our clients make extensive use of turbos. At this moment more than 15 per cent of our investment transactions is in a turbo.At the same time we see a development in the market that large financial institutions pull turbos out of the market due to increased costs for technology. To ensure the quality and continuity of this popular product, we therefore want to offer our own turbos to our experienced customers", says Koen Beentjes, CEO of BinckBank.
The spreads between bid and offer prices of Binck turbos are among the smallest in the market. The instruments are tradable between 8:00 and 22:00, in line with the opening hours of the European and American stock markets. Binck turbos are available exclusively to customers of BinckBank in the Netherlands.
Many training opportunities
BinckBank offers all customers a wide range of training opportunities to improve the knowledge about financial products such as turbos. Customers have free access to online learning tools, such as educational webinars and interactive tutorials. These are available 24 hours per day and 7 days a week. Customers can also test their knowledge by obtaining a Financial Driver's License.
Customers can find more information about Binck turbos at http://www.binck.nl/turbos.
The prospectus and final terms for Binck turbos are available via turbos.binck.com.
About BinckBank N.V.
BinckBank is an online bank for investors, ranked in the top five in Europe. As an online broker, it offers its clients fast, low-cost access to all the important financial markets around the world. As an online bank for investors, BinckBank helps its clients look after their capital with BinckBank's online asset management services and online savings. BinckBank is an independent online bank for investors, which is listed on Euronext Amsterdam. We have offices in the Netherlands, Belgium, France, Italy, and Spain. BinckBank has 600 FTEs at end of 2013. BinckBank was formed in 2000 and has now more than 552,000 account holders.
Public Relations
t +31 (0)6 13 85 67 52
e pers@binck.nl
Investor Relations
Nelleke Nederlof
t +31 (0)20 - 522 03 72
e nnederlof@binck.nl
BinckBank N.V.
Barbara Strozzilaan 310
1083 HN Amsterdam
www.binck.com
