The purchase, sale and trading of securities, including shares, bonds, currencies, options, futures accounts as well as commodities and derivatives for its own account exclusively (proprietary trading). Furthermore, it may carry out, either on its own account or on behalf of third parties, all financial, commercial, securities or real estate transactions directly or indirectly related to its corporate purpose and may be interested, in any form, in all similar companies, in particular by acquiring participations in similar companies. The company may also establish branches and subsidiaries in Switzerland and abroad.