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SEBI has given the mandate of data mining and analytics activity to business intelligence service provider SAS.
SEBI collects 25 GB of market data every day and this is expected to go up to 80 GB a day in the next two years.
This would enable SEBI to have a single view of customers across exchanges and establish relationships between market participants. It will also generate more accurate fraud alerts based on market participants' behaviour, tap unstructured data, including analyst recommendations, blogs, annual reports, and so on to understand social media impact on investor behaviour.
The regulator is also keen on building analytical models to identify known market manipulation patterns such as circular trading, pump and dump, insider trading and front running. With this, identifying unknown patterns for investigators to analyse and detect any new market manipulation patterns, increasing efficiency and effectiveness of market surveillance and investigation is expected to become easier.
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