Paytm Money launches F&O trading

Paytm Money, announced that it now provides Futures and Options trading (F&O) on its platform. “The platform has launched this service with the most competitive brokerage at Rs. 10 for all F&O trades and the low pricing is without any commitments or packages or contracts. This is in line with its intraday charges of Rs. 10, and free for delivery,” it said. The company is initially giving early access to a select user base on Android and Web to get feedback. The commercial roll out to all traders and iOS launch will be over the next few weeks, it further said. With the launch of F&O on its platform, Paytm Money is aiming at an overall daily turnover of Rs. 1.5-lakh crore and 10 lakh trades a day in the next 18 to 24 months.