In addition to its traditional activities of inter-professional bond dealing, brokerage transactions and intermediation of structured instruments, Bondpartners has been delivering, since 1995, an unregulated over-the-counter market for the stocks and shares of small to mid-sized companies non-quoted on the stock exchange. This market, denominated “HelveticA”, composes about 250 SMEs active in the fields of industry and transport, banking, publishing, hotel industry, electricity, etc. About 2/3 of those are Swiss German. The indicative quotes are displayed, among others, on Telekurs and on Bondpartners’ website.
In Switzerland, BPL holds an original position in this type of free and non-regulated market which is mainly carried out over the phone, in accordance with OTC procedures and the professional intervening parties’ mutual agreement. “HelveticA” is a deregulated complementary market, and not a parallel stock exchange nor an organized trading facility. It constitutes an exchange basis for shares that did not obtain a stock exchange listing, as much as, an indicative instrument for price publishing and valorization. Since the securities liquidity is weak and the volatility potentially important, few traders are hence active in this market whose characteristic is to be extremely atomized, much in the way of small to mid-sized companies not listed in Switzerland or abroad.