Research and analysis of securities. The company's purpose is to carry out financial transactions of all kinds. Furthermore, the company may engage in all commercial, financial and other activities that are intended to promote or facilitate the development of the company and the achievement of its purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold and dispose of real estate, limited property rights and intellectual property rights. Acquisition, holding, management and disposal of participations as well as making financial investments in Switzerland and abroad.