Sebi to create ‘data lake’ to track down market manipulators on social media

The Securities and Exchange Board of India plans to create a ‘data lake’ project to augment analytical capability that would involve the use of artificial intelligence, deep learning, big data analytics, pattern recognition, and structured and natural language processing tools to detect market manipulations.

“Social media platforms are increasingly being used by manipulators for market manipulation. Regulators worldwide are increasingly acknowledging that there is much more surveillance input that can be gained from such social media platforms,” Tyagi said at a research conference organised by Sebi and National Institute of Securities Markets (NISM). “We want to acquire technology and unstructure data analysis because structured data analysis is not helping much, manipulators use all sort of things. So, analysis of what is coming in social media, which largely is unstructured data, and language processing, that is a must to see in addition to pricing volume changes. We intend to acquire that technology.”

Source: Economic Times