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Market regulator SEBI has announced its plans to expand its market surveillance system as well as its tool for speedy analysis of trade data, which identifies possible violations such as share price manipulation, insider trading and front-running.
As per PTI, a number of companies are invited to provide IT services for the maintenance of its data warehousing, integrated market surveillance system (IMSS) and business intelligence system (DWIBS).
Daily acquisition of data and surveillance related activities, from multiple data sources, are the prime functions of these systems. The market watchdog also noted that the maintenance support for IT equipment as well as providing on-site service engineers for management of IMSS and DWBIS systems will be the prime scope of the work.
The Securities and Exchange Board of India (SEBI) said that the applications for this project will be accepted till January 22. The net worth of the company, to be eligible for the project, should be Rs 40 crore or more for two out of the last three financial years or at least Rs 40 crore for three of the last five fiscals.
