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Old 01.12.2016, 09:46
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Insider trading

Ladies, Gentlemen,

I was wondering if anyone is aware of a site were insider trades in Swiss companies are registered? Similar to how US insider trades need to be reported to SEC and from there several sites pull the information and make it easy to access and very useful. Anyone aware of where I can find the source for Swiss trading and if there are sites that already pull that information?

Just to clarify, as I am sure thread will be side tracked otherwise, obviously I am not referring to illegal insider trading, but the legal one, where listed insiders buy / sell shares

Thanks,
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Old 01.12.2016, 09:59
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Re: Insider trading

There is no general requirement for management and other insiders of Swiss companies to report their buys and sales of company stock. Rather, only when thresholds of 5%, 10%, 33.33% and 66.67% are passed must the insider transactions be reported, according to this NZZ article:

http://www.nzz.ch/article85C32-1.392741
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Old 01.12.2016, 10:06
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Re: Insider trading

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Just to clarify, as I am sure thread will be side tracked otherwise, obviously I am not referring to illegal insider trading, but the legal one, where listed insiders buy / sell shares
Aww, balls! Here I was hoping you could give us some "hints"
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Old 01.12.2016, 10:15
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Re: Insider trading

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There is no general requirement for management and other insiders of Swiss companies to report their buys and sales of company stock. Rather, only when thresholds of 5%, 10%, 33.33% and 66.67% are passed must the insider transactions be reported, according to this NZZ article:

http://www.nzz.ch/article85C32-1.392741


Ah, thanks then I shall stop searching as those numbers doesn't really help me.


Cheers,
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Old 01.12.2016, 10:48
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Re: Insider trading

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There is no general requirement for management and other insiders of Swiss companies to report their buys and sales of company stock. Rather, only when thresholds of 5%, 10%, 33.33% and 66.67% are passed must the insider transactions be reported, according to this NZZ article:

http://www.nzz.ch/article85C32-1.392741
Well, that's no longer accurate, that NZZ article is completely outdated. Really no surprise after 14 years.

Look them up here. Note that they show with (I think) 3-5 trading-days delay. Regulations and other additional info available here.
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Old 01.12.2016, 11:48
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Re: Insider trading

A further note is not to confuse insider trading with management / employee transactions. The former is of course illegal under most jurisdictions and is usually defined as trading on information not in the public domain or something along those lines, think of it as "insider information trading". Whereas the latter is an indication of what the employees of a company are doing.
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Old 01.12.2016, 12:40
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Re: Insider trading

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Well, that's no longer accurate, that NZZ article is completely outdated. Really no surprise after 14 years.

Look them up here. Note that they show with (I think) 3-5 trading-days delay. Regulations and other additional info available here.


Thank you Urs, I do owe you a big beer!
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Old 01.12.2016, 12:42
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Re: Insider trading

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A further note is not to confuse insider trading with management / employee transactions. The former is of course illegal under most jurisdictions and is usually defined as trading on information not in the public domain or something along those lines, think of it as "insider information trading". Whereas the latter is an indication of what the employees of a company are doing.




Thank you too, indeed, I meant management / employee trading
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Old 01.12.2016, 13:23
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Re: Insider trading

Thanks Urs Max for the updated information.

This kind of trading activity would probably be called "related-party transactions".
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Old 01.12.2016, 15:56
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Re: Insider trading

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Thanks Urs Max for the updated information.

This kind of trading activity would probably be called "related-party transactions".
The two categories SIX uses are: "management" and "members of management committees and boards of directors". I think this or very similar is common worldwide.

The way I understand it, related parties would include immediate family of the above and everybody else in possession of confidential information that's likely to significantly influence company securities' price.
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