Sebi strengthening international cooperation
23/06/2014 14:40
As Indian markets attain a larger global character, regulator Sebi is strengthening cooperation with its global peers for exchange of information in key cases and to implement global standards in its regulatory functions, reported PTI. A full-fledged 'International Affairs' team has been put in place at the capital markets regulatory body, while Sebi is also working on a 'comprehensive study' to understand the surveillance mechanism of regulators in developed markets like the US, UK, Australia and Hong Kong, a senior official said, as per the media reports. The study would include analysis of foreign regulators' "surveillance infrastructure and techniques to decipher patterns in the trading, formation of associations between entities and gathering of market intelligence including linkage of price volume pattern to market information". Further, the best practices followed in developed markets relating to surveillance of algorithmic and high-frequency trading, which uses latest technology to execute trades in milli-seconds, would also be looked into, the official added.
23/06/2014 14:40
As Indian markets attain a larger global character, regulator Sebi is strengthening cooperation with its global peers for exchange of information in key cases and to implement global standards in its regulatory functions, reported PTI. A full-fledged 'International Affairs' team has been put in place at the capital markets regulatory body, while Sebi is also working on a 'comprehensive study' to understand the surveillance mechanism of regulators in developed markets like the US, UK, Australia and Hong Kong, a senior official said, as per the media reports. The study would include analysis of foreign regulators' "surveillance infrastructure and techniques to decipher patterns in the trading, formation of associations between entities and gathering of market intelligence including linkage of price volume pattern to market information". Further, the best practices followed in developed markets relating to surveillance of algorithmic and high-frequency trading, which uses latest technology to execute trades in milli-seconds, would also be looked into, the official added.
