[ By Kavita Krishnan ]The market watchdog Securities and Exchange Board of India (SEBI) is planning to hire an agency to implement a “data analytics project”, through which it also intends to track possible market manipulations such as insider trading and front running. SEBI has invited bids for the same.The move is part of SEBI’s effort to address and handle challenges arising out...
The market watchdog Securities and Exchange Board of India (SEBI) is planning to hire an agency to implement a “data analytics project”, through which it also intends to track possible market manipulations such as insider trading and front running. SEBI has invited bids for the same.
The move is part of SEBI’s effort to address and handle challenges arising out of technological advancements in the markets.
SEBI has invited Expression of Interest (EoI) from reputed and reliable solution providers for implementation of data analytics project and building of data models at SEBI. The analytics development would include developing new models, implementing analytics project, establishing relationship between various entities in the market, automated extraction of details from documents filed with SEBI and prediction of market manipulations such as insider trading and front running.
The project is aimed at augmenting analytical capability at SEBI with advanced analytical tools such as artificial intelligence (AI) and machine learning, deep learning, big data analytics, pattern recognition, processing of structured and unstructured data, among others.