MyBroker launches online trading at one paisa

New Delhi, Sep 20 (UNI) MyBroker, the online trading service of Motilal Oswal Securities Ltd (MOSL) today announced it's offering of one paise broking per Rs 100 in derivatives.

''This offer will furthur expand the market for online trading by offering a state-of the-art online trading platform at a competitive cost as only 10 per cent of the total broking business has moved online,'' MOSL Chairman and Managing Director Motilal Oswal said.

Traditionally investors have been doing stock transactions with their broker either by placing orders on the phone or by visiting the brokers' offices, Mr Oswal said adding that this move will attract many more investors and give flexibility to the current base of Investors.

While this scheme is for large volume online traders who are self directed, MyBroker also has other accounts such as Value, Freedom and Easy that are meant for customers who do different size of volumes and have different advisory needs.

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