MUMBAI: Markets regulator Sebi has set up a seven-member committee, headed by its former whole-time member Madhabi Puri Buch, to advise it about technology improvements and adoptions to detect market anomalies.
According to a Sebi release, the committee will recommend future road maps and improvements for its various on-going technology projects, guide the regulator in designing and framing requirements for its various in-house systems, and help it find the appropriate technology solutions for its domain. The committee will also help Sebi to ascertain the adequacy of its supervisory and regulatory technology tools for improving its capabilities, a release said.
One of Sebi’s main ongoing technology projects is the integrated market surveillance mechanism that generates alerts for suspected price manipulations, insider trading, rigging of stock prices and various other illegal activities related to stock market trading.
