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Departments
Surveillance
The
Exchange has set up the Surveillance Department to keep a close watch on
price movements of scrip and to detect market abuse like price rigging,
monitor abnormal prices and volumes which are not consistent with normal
trading pattern etc. The main objective of the department is to ensure a
free and fair market, to avoid manipulations and to manage risks. The
surveillance function at the exchange has assumed greater importance in
the last few years. SEBI has directed the Exchange to set up a separate
surveillance department with staff exclusively assigned for this
function.
The Surveillance Department
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Keeps a close watch on
the price movement of scrip.
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Detects
market manipulations like price rigging.
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Monitors abnormal changes
in prices and volumes which are not consistent
with normal trading pattern.
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Monitors the member
brokers� positions to ensure that defaults do not occur.
The
department conducts in-depth investigation based on preliminary
enquiries made into trading of the scrip as also at the instance of
SEBI. . Conducting investigations involves the following stages: -.
Identification
of scrip based on the alerts thrown by the online system and offline
reports.
Identification
of Members from whom the client details have to be called for .
Preparation
of company profile including Corporate News and Financial results.
Compilation
of client details.
Preparation
of reports.
In
case irregularities are found, necessary action is
initiated.
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