[ Evariste | Forum ]
  

Objet: 
       IPOWORLD entreprise italienne cherche partenaires pour e content
  Date: 
       Mon, 24 Feb 2003 16:28:39 +0100 (MET)
   De: 
       patrick.schouller@industrie.gouv.fr




Action Line 1: Improving access to and use of public sector information

Subline 1.2: Establishment of European digital data collections

Project description

European Financial Platform (EFP)

The increasing international integration of financial markets is a central trend of the contemporary
world economy. The past decade in particular has seen unprecedented levels of portfolio investment,
cross-border mergers and acquisitions, currency trading, and foreign participation in domestic stock
exchanges.  
International financial integration presents a complicated theatre for those actors who create the
rules and regulations of domestic financial activity. 
On the other hand, globalisation brings new risks and challenges, such as information asymmetries
between foreign and domestic actors; as the line between domestic and foreign markets blurs, so too
should the access to information and data necessary for investments evaluation by domestic and
foreign investors. 
The further integration of the EU economies and the correspondent financial regulation harmonization
leads to an increasing demand for pan-European information services. With reference to financial
information, there are various practical barriers, like language, and the use of different standards
towards European countries.

Currently financial data and public "filings" of European companies are highly fragmented and not
easily available. Transparency in the market would increase market efficiency, reducing information
asymmetry.

This project aims to build a Pan-European platform based on financial data and information, held by
Public Financial Authorities, such as: Consob in Italy, COB in France, FSA in England, BAFin in
Germany, National Securities Market Commission  in Spain, SEC in Turkey.

The main target is to guarantee full aceess to public companies' filings in the main European
countries represented by the eContent project partners.

EFP will provide business, financial and competitive information derived from European Public
Financial Authorities data disclosed in the "filings" throughout the year by all the public
companies.

The laws and rules that govern the securities industry in the United States derive from a simple and
straightforward concept: all investors, whether large institutions or private individuals, should
have access to certain basic facts about an investment prior to buying it. "To achieve this, the SEC
requires public companies to disclose meaningful financial and other information to the public,
which provides a common pool of knowledge for all investors to use to judge for themselves if a
company's securities are a good investment. Only through the steady flow of timely, comprehensive
and accurate information can people make sound investment decisions."
We want to build a common European platform that will  gives users the tools to manage the
information contained within the database. Searching for documents (i.e. IPO prospectus, Tender
Offers, Insiders, Institutional holdings) will be facilitated by enabling users to create simple or
complex combinations of different criteria including Company Name, Ticker, Exchange, Form Type,
Keyword, Date Range, Industry or Geographic location, using either the original language or English.

We will meet the needs of millions of investors who rely on this fundamental data to make critical
business and investment decisions. 
EFP will deliver rich, structured data from every "filing" using powerful XML tagging that allows
for detailed information about each data item within a filing. In addition, as each document is
received, it is indexed to other references like ticker symbol and exchange. Different discrete
search criteria will be available which, when combined, can create hundreds of powerful combinations
to narrow and refine searches for fast retrieval of the data. Financial data will be accessible in
Excel or other spreadsheet applications. Rich Text Format (RTF) will allows for export of documents
to word processing applications in enhanced format. 

Founding Partners

IPO World, Italy        
Università Bocconi, Italy
Consob, Italy   tbc


Description of the work  

IPO World is Project Co-ordinator and will be responsible for building the database and the Content
Management tools. Bocconi will provide the approach for structuring the DB and methodology for data
analysis.
Consob has an institutional role, representing the Italian Authority, and will co-ordinate relations
with other international Authorities. 

All other international partners will be responsible for holding contacts with National Authorities
and relative data mining and content updating in local language and English.
We are particularly looking for possible partners in France, Spain, England and in the Candidate
countries. 

pour toute information
digiacomo@apre.it
IPO World S.p.A. -  Via Olmetto,1  -  20123 Milano - tel. (02) 8790841 - fax (02) 87908430
P.IVA: 13195610152 - Iscr. CCIAA Milano n. 244627/2000


Patrick Schouller
MINEFI/DiGITIP
Le Bervil
12, rue Villiot
Téléphone 01 53 44 94 25 
http://www.telecom.gouv.fr/e-content 


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