The BOM full Form in share market is called Broking Operations Management. This is a term used to describe managing the entire trading cycle, from the moment where trade execution is completed until the clearance of the settlement. It is focused on the processes which facilitate efficient trading of all financial instruments.

What’s the areas that BOM is covering?

BOM encompasses everything related to trading, beginning with the checking of the client’s identity and their background to meet compliance with regulations, to the setting accounts for Demat as well as trading accounts to clients. The BOM also concentrates on risk profiling to determine the goals of investment and risk tolerance of customers. Broking operations management is also able to facilitate the placing of purchase and sale orders via different channels and makes sure that orders are completed at the lowest possible cost.

Function of BOM in the regulation of compliance:

The management of broking operations ensures it is that trading transactions conform to the legal and regulatory standards established by the authorities of the SEBI. The scope of the SEBI also includes periodic reports to regulators on the activities of trading and client information financial health, client data, etc. It assists in the maintenance and development of trading systems to facilitate trading and safeguards sensitive information and systems from cyber attacks.