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Motilal Oswal's 1-paise broking

Our Bureau

Mumbai , Sept 21

MyBroker, the online trading service of Motilal Oswal Securities Ltd (MOSL), has announced its offer of "1 paise broking per Rs 100" in derivatives.

"Around 10 per cent of the total broking has moved online and this trend is growing at 100 per cent. This offer will further expand the market for online trading by providing a platform at a competitive cost," Mr Motilal Oswal, Chairman of MOSL, said in a statement issued here on Thursday. The scheme is for large-volume online traders who are self-directed.

MyBroker also has other accounts such as `Value', `Freedom' and `Easy', which are meant for customers who trade in different volume sizes and have different advisory needs, the note added.

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