Sebi bets on technology; plans to rope in agency to implement data analytics project

Betting big on technology, Sebi is looking to hire an agency to implement a “data analytics project”, through which the watchdog also wants to track possible market manipulations such as insider trading and front running.

The move is part of Sebi’s effort to address and handle challenges arising out of technological advancements in the markets.

In a notice, the regulator 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/model development would include developing new models, implementing analytics project, establishing linkages 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.