BSE wins Business World Digital Leadership and CIO award
Published: Jul 24, 2017
By TIOLCORP News Service
NEW DELHI, JULY 24, 2017: ASIA's first stock exchange and now world's fastest exchange Bombay Stock Exchange (BSE) with the speed of 6 microseconds, has won the prestigious Business World (BW) Digital Leadership and CIO of the Year Award for its innovation in digital and social media parsing under the category of 'Best Analytics Implementation'.
BSE had introduced a data analytics based systemic solution that relies on artificial intelligence mechanism to track news related to listed companies on digital media using social media. The primary objective of verification the mechanism is to detect and mitigate potential risks of market manipulation, rumour, and reduce information asymmetry arising from it on digital media platforms, including social media.
Exchange had also put up a new Corporate Announcement Filing System (CAFS) with effect from March 1, 2017. Initially, CAFS would be available within the existing BSE filing portal - Listing Centre. Designated company personnel who file the CA would be required to first register their identification details using One Time Password verification post which they would be allowed to submit Corporate Action for their respective company.