Sebi bets on technology

New Delhi: Markets regulator Sebi is looking to engage an agency to implement a 'data analytics project' to track possible market manipulations like 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 on Wednesday, 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 regulator is looking to leverage artificial intelligence, machine learning and deep learning to address critical challenges for data analytics impacted by the processing of a vast amount of data, either structured or unstructured. As a precursor to this project, a data lake with an analytics platform has been set up by the markets regulator.

The agency is expected to build analytical models, including artificial intelligence and machine learning. Further, the analytics/model development would be done as per the regulator's requirements. This includes developing new models, implementing analytics project, enhancement of a model in terms of adding new data sources in existing models, among others. In addition, the analytics development would include 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.