SEBI to use AI, blockchain tech to fight market manipulation via social media

Social media platforms have emerged as key tools of market manipulation, said SEBI chairman Ajay Tyagi.

Speaking at the National Institute of Securities Markets (NISM) research conference, here on Thursday, Tyagi said: “Social media platforms are increasingly being used for market manipulation. Regulators worldwide are increasingly acknowledging that there is more surveillance input that can be gained from monitoring social media platforms.”

According to Tyagi, surveillance capabilities can be greatly augmented by the use of new technologies such as natural language processing (NLP), artificial intelligence (AI), and big data analytics. Tools such as AI and blockchain have the potential to bring a paradigm shift in the securities markets, he said.