Securities and Exchange Board of India (SEBI) to upgrade surveillance system

Market surveillance of the Securities and Exchange Board of India (SEBI) is planning a major upgradation of its central monitoring system by which it monitors the data exchange and deposits to identify the activities of manipulation.

Move the controller would help in its efforts towards a better, more continuous monitoring of trying to manipulate the stock market, and analyze information on daily sales.

SEBI, which has been using the integrated market surveillance (IMSS) from December 2006 to monitor and identify suspicious transactions, has now decided to continue to modernize the infrastructure of the system.

Regulator is trying to increase safety and accessibility features of the system faster and more secure market for follow-up.

A senior official said the IMSS system is useful in situations like the present to testify, when volatility is high and the focus is mainly on the main market trends in the movement.

The market manipulators tend to be more active in these situations, thinking that monitoring equipment would be more focused on issues such as surveillance systems, risk management and proper settlement of payment obligations.

However, the IMSS continues to work on autopilot, as a base and a further improved system helps control the regulator, the official said.

Sebi seeks to improve its systems IMSS primary data center and the three exchanges (BSE, NSE and MCX-SX) and NSDL and CDSL deposits two.

The system collects the trade and the exchange of information the teacher and the two depositories (NSDL, CDSL) to produce daily alerts in advance of the scenarios of market manipulation.

It also provides data analysis and benchmarking tools that are used in different policy decisions SEBI.