India’s homegrown digital financial services platform Paytm announced on Wednesday 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. 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 Rs10, and free for delivery. The pricing disruption will benefit experienced as well as first-time traders to seamlessly trade in futures & options with a best in class product, on their mobile and in a secure environment.
Paytm Money has ensured that while it provides for all the features required for a derivative trader, it does not complicate the user interface for a simple investor or a newbie trader which is unique in the industry. The charting provides over 180 studies & patterns usually tracked by the pro traders all in an easy to use interface on one’s mobile. The price alert feature allows traders to get real-time alerts on any FNO contracts. While Paytm Money provides for various calculators, traders can seamlessly check the required margin while placing an order for any contract. Searching for a contract or option on the platform is a breeze and no specific templates are required for the search or addition to watchlists.
The dark and light modes across mobile & web platforms provide convenience to traders who are particular about the background colours and fonts. Tracking orders & execution from the Position page has been made very simplistic and engaging. The product hosted entirely on cloud and developed with Paytm’s well-known technology principles will ensure the platform is smooth, fast and can manage very large volumes – an important technology disruption in the wealth management space.
Vijay Shekhar Sharma, Founder & CEO said, “On the mission to bring wealth services to 100 million Indians, the launch of F&O will accelerate our path. This has been made keeping the mobile-first platform in mind. The simple to use low price product is meant to make deep inroads into smaller towns and cities.”