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Paytm Money launched Futures & Options trading
January 14, 2021
The Vijay Shekhar Sharma-drove Paytm has made another enormous wagered in the stock broking industry. Paytm’s subsidiary Paytm Money has now launched Futures and Options trading (F&O) on its foundation at a level charge of ₹10 for all exchanges. While an authority rollout will be in half a month, the F&O exchanging choice will be restricted to 500 clients at first.
In India, the F&O portion represents over 90% of the general market volumes. Also, Paytm is wanting to take advantage of the enormous chance in the fates and choices space. “On the mission to bring wealth services to 100 million Indians, the launch of F&O will accelerate our way,” said Vijay Shekhar Sharma, Founder and CEO of Paytm.
Paytm Money CEO Varun Sridhar said that the organization is focusing on a day to day turnover of ₹1.5 lakh crore and 1 million trades the following 18 24 months. Also, with the ease charge, it focuses to make deeper inroads into more small towns and urban areas in India.
Different players in the stockbroking market like Zerodha, Sharekhan, Angel Broking too offer F&O trading options.
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