The company's purpose is to trade securities on its own account. The company may establish branches and subsidiaries both in Switzerland and abroad, participate in other companies both in Switzerland and abroad, and carry out all activities that are directly or indirectly related to its purpose, including business consulting. The company may acquire, encumber, sell and manage real estate both in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties and grant guarantees and sureties in favor of subsidiaries and third parties.