Paytm Money is going after the big bucks in futures and options trading
Sanchita DashJan 13, 2021, 15:42 IST
IANS
Paytm’s subsidiary
Paytm Money has now launched Futures & Options trading (F&O) on its platform at a flat fee of ₹10 for all trades.
In India, the F&O segment accounts for over 90% of the overall market volumes.
Paytm Money CEO said that the company is aiming at a daily turnover of ₹1.5 lakh crore and 1 million trades in the next 18-24 months.
Other players in the stockbroking market like Zerodha, Sharekhan, Angel Broking too offer F&O trading options. The Vijay Shekhar Sharma-led Paytm has made another big bet in the stock broking industry. Paytm’s subsidiary Paytm Money has now launched Futures & Options trading (F&O) on its platform at a flat fee of ₹10 for all trades. While an official rollout will be in a few weeks, the F&O trading option will be limited to 500 users initially.