The Securities and Exchange Board of India (Sebi) is in the process of selecting the executive director who will handle the crucial Integrated Market Surveillance department. Several candidates are said to be in the fray, but one officer who has recently joined the regulator on deputation is said to be the front runner. Some old Sebi hands who had also applied are miffed. But the front runner is said to be close to powers-that-be. There's little others can do but allege a "fixed match".