SEBI working on framework for AI-based trading amid growing cyber threats: Tuhin Kanta Pandey
Bhubaneshwar, May 18 -- Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said the market regulator will soon come out with guidelines for AI-driven trading, while cautioning that artificial intelligence presents both opportunities and heightened cyber risks for the financial ecosystem.
Speaking to ANI on the sidelines of an event organised by the Association of Mutual Funds in India in Odisha, Pandey said SEBI was working on a framework to regulate the growing use of AI in trading activities.
"For AI-driven trading, we are actually going for guidelines on that. On how AIs will, in future, do that. Now AI has an opportunity as well as a risk. The opportunity is that you can use the AI for several of you...
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