Fifty-eight structured products struck in the Netherlands in June. There were also 1,217 leverage products added while 133 products matured during the month.
Binckbank, the Dutch online broker, reported that sales of financial instruments including the Binck turbos and hedge accounting results, fell by 35% to €2.5m in the first six months of 2019 (1H2018: €3.9m). Requirements by regulators of maximum gearing allowed on leveraged products, such as turbos, also resulted in a ‘smaller product assortment’ and a ‘dampening effect’ on the earnings from these products, according to the online broker. The transaction numb
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