SEBI to tap artificial intelligence, big data analytics to curb market manipulations

SEBI is acquiring capabilities to monitor and analyse social media posts to keep a tab on possible market manipulations, its Chairman Ajay Tyagi said on Thursday. He said the capabilities will involve use of artificial intelligence, machine learning, big data analytics and natural language processing tools to spot market manipulation. The new plan involves creating a "data lake" project to augment analytical capabilities, he said while speaking at the Speaking at the National Institute of Securities Markets at Patalganga near here. In efforts to curb possible manipulations in the securities market, SEBI has been keeping a watch on social media and there have been cases where social media posts have helped in acting against manipulative activities. "Catching malpractices in the market using the standard tools that analyse only structured data of price and volume is increasingly getting difficult," Mr. Tyagi said.