Paytm Money has launched futures and options (F&O) trading for users of its platform. At a virtual event on 13 January, the homegrown digital financial services platform announced that its wholly-owned subsidiary Paytm Money now provides Futures & Options trading (F&O) on its platform, along with its other offerings - Stocks, Direct Mutual Funds, ETF, IPO, NPS, and Digital Gold.
Paytm founder Vijay Shekhar Sharma said at the event that the company hopes to increase its active users with this feature and has set a target of attaining an annual turnover of Rs 1.5 lakh crore and a million trades in the next two years.
The platform has launched this service with 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.
Initially, the company is giving early access to a select user base on Android and Web to receive their feedback. Commercial roll-out to all traders & iOS launch will be over the coming weeks.