Investments for the future

EXQUIPEX D-FIH

Selected in 2011, the Historical Financial Data project (D-FIH) is supported by PSE (Paris School of Economics) in partnership with TGIR PROGEDO, the Institut Louis Bachelier and IODS financial data aggregator.

Equipex D-FIH aims to build a database containing bimonthly securities prices listed from 1796 to 1977 on French stock exchanges, along with all the information needed to create homogeneous price series and relevant information on issuers of these securities.

Scientific and Technical Manager: Pierre-Cyrille Hautcoeur, President of the School of Advanced Studies in Social Sciences

Scientific Coordinator of the project: Angelo Riva, Associate Researcher at Paris School of Economics (PSE)

Supporting structure of the project: PSE (Paris School of Economics)

Professional and institutional partners: TGIR PROGEDO, the Institut Louis Bachelier and the IODS financial data aggregator (Insead-European Data Saving Observatory Data Services)

EQUIPEX BEDOFIH

Supported by the Institut Louis Bachelier and the CNRS EUROFIDAI laboratory, the European High Frequency Financial Data Base project (BEDOFIH) was selected as a partner of Investments for the Future in February 2012. It aims to create a financial database with high-frequency European data, allowing very accurate analysis of the increasingly rapid dynamics of the European financial markets.

In 2014, BEDOFIH launched a large call for projects on the use of high-frequency financial data. This call for projects enabled Equipex to better understand the expectations and needs of researchers regarding the database. Of the 52 proposal received, three were selected:

  • Goethe University / Loriana Pelizzon (“Strategic Behavior of High-Frequency Traders During the Market Pre-Opening Period”),
  • University of Toulouse / Sophie Moinas and Selma Boussetta (“Pre-Opening Period and Financial Competition”),
  • Princeton University / Yacine Ait-Sahalia (“Empirical Analysis of the HFT Influencing Provisions of Liquidity”).

The three winners represent a good French, European and international balance, and both microstructure and financial econometrics. Each of the winners has access to a preview at the base as well as financial assistance up to 40,000 euros. A further contribution – Paris-Dauphine University / Carole Gresse (“High-frequency trading and market stability”) –  has been placed in the complementary list, thus providing  access to the database.

All French and foreign academic researchers can now request access to the BEDOFIH database. Further information on data and prices is available on the EUROFIDAI website.

Scientific and Technical Manager: Patrice Fontaine, Eurofidai Director (UPS CNRS 3390)

Project coordinator: Institut Louis Bachelier
Project leaders: Institut Louis Bachelier and Eurofidai (UPS CNRS 3390)
Academic partners: HEC Paris (GREGHEC), Institut des Grilles (UPS CNRS 3107), LPSC (UMR CNRS 5821)
Professional and Institutional Partners: Pôle de compétitivité mondial Finance Innovation, Information Finance Agency and ESL.

LABEX Louis Bachelier

THE PRIMARY AIM OF LABEX FCD IS TO CHANNEL SUPPORT TO SUSTAINABLE OBJECTIVES.

LABEX FCD is a French network research centre that brings together the best research teams in mathematics, economics and management operating within the Research Chairs and Research Initiatives affiliated to the Risk Foundation (FdR), Europlace Institute of Finance (EIF) and the Dauphine Foundation.

The mission of LABEX FCD is threefold:

  • To make economic and financial phenomena intelligible. This involves describing them, understanding their chronology, detecting interdependencies, and preparing an analysis for action.
  • To integrate into the proposals of the financial sector (products, practices, remuneration, institutions, regulations) a set of general principles, such as merit, responsibility, equity, and respect for future generations and the environment.
  • To confer academic legitimacy on the study of finance by showing that this field of application successfully combines the strengths of mathematicians, managers, economists and legal experts.

 

The application form can be downloaded here

Labelling involves ensuring the coherence and relevance of the research topics of all Institut Louis Bachelier Research Chairs and Research Initiatives in light of the aims of Louis Bachelier Finance and Sustainable Growth LABEX. Every scientific project is analysed by two rapporteurs, designated by the BES, with possible outcomes being:

  • Institut Louis Bachelier labelling
  • Louis Bachelier Finance and Sustainable Growth LABEX labelling
  • Review of the application
  • Refusal of labelling

Only labelled Chairs and Research Initiatives will benefit from the main operations implemented by the Louis Bachelier Finance and Sustainable Growth LABEX.

The application form can be downloaded here.

Return the completed form to teddy.arrif@institutlouisbachelier.org

Applications may be submitted throughout the year.