Published on Fri, Dec 01, 2006 at 08:55 | Source : Moneycontrol.com
Updated at Fri, Dec 01, 2006 at 10:00
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SEBI to install new surveillance software today
Remember the market crash in May 2004, in the wake of the Congress-led UPA Government assuming office at the Centre? Just the process of gathering data on `who-did-what' on that fateful day would have taken the Securities and Exchange Board of India (SEBI)
Remember the market crash in May 2004, in the wake of the Congress-led UPA Government assuming office at the Centre? Just the process of gathering data on `who-did-what' on that fateful day would have taken the Securities and Exchange Board of India (SEBI) quite a while as it would have had to be obtained from the different stock exchanges and that too across both cash and derivatives segments of the market. Then of course, the data from depository institutions would have to be superimposed on the trading data from the stock exchanges.
Time saver
Now, the new surveillance software to be implemented by SEBI with effect from December 1 promises not only to cut short the time that would be needed to compile the basic data but would also be versatile as to the scope of information that it can dredge out from the welter of data available to it.
This was revealed by SEBI in a presentation made to the media here today.
The new software, called the Integrated Market Surveillance System, allows SEBI to integrate at the end of the day, market transactions across stock exchanges, for now the BSE and the National Stock Exchange. It would also incorporate in its scope, both the cash and derivative segments besides those of the depository institutions and their participants.
Now, the new surveillance software to be implemented by SEBI with effect from December 1 promises not only to cut short the time that would be needed to compile the basic data but would also be versatile as to the scope of information that it can dredge out from the welter of data available to it. 
