There is no country in the world in terms of "margin protection" better than India where technology is extensively used to protect clients' securities, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch said on Friday.
The SEBI chief said that foreign investors often tell her that she was fortunate to have in the country a culture of data and technology, which is making the role of the capital market regulator effective.
"There is huge technology change in the entire market. It has never been done anywhere in the world ever...And we did it in India. So, today in terms of margin protection - the protection of client's securities - there is nobody better in the world than India," Buch said in her lecture on 'Data and Technology in the Capital Market'.
The event was organised by the Indian Institute of Management-Bangalore to mark its 49th Foundation Day celebrations on Friday.
Explaining how data is used for surveillance to check malpractices during trading, the SEBI chairperson said the study of algorithm and alerts make it easy to study the trading pattern of people and understand that this is an 'insider trading'.
SEBI has also embedded a QR code which, Buch said, was quite radical. When it is scanned, one can see a video clip, which showed the 'Delta' positions of the particular individual whose trading pattern is reflected.