Features - clearcorp
Platforms
Features
- Product Features:
The following parameters shall be applicable for trading on ASTROID.
Sr.No Parameters Description a) Session Parameters The System is available for trading from 09.00 am to 5.00 pm on all working days from Monday to Friday. b) Market Movement
Information Parameter(i) Market Movement Information is available to the platform users after each interval of 60 minutes post opening of trading session (09:00 am) i.e. 10:00 am, 11:00 am, 12:00 pm, 1:00 pm, 2:00 pm, 3:00 pm, 4:00 pm and 5:00 pm.
(ii) This information provides Open Rate, High Rate, Low Rate, Last traded rate, Weighted Average Rate, Traded Amount and Trade count during each 60 minutes session.
c) Order Parameters (i) Orders of minimum lot size of Rs. 5 crore and in multiples of Rs. 5 crore thereof with a tick size of 0.0025% can be placed on the ASTROID platform.
(ii) Minimum disclosed quantity is 10% of the total order amount being placed by the trader.
- Instruments available for Trading:
(a) NORMAL MARKET WATCH:The following 12 Overnight Index Swap (OIS) Standard instruments ranging from 1-Month to 10-Years with rolling maturities are available for trading on the Normal Market Watch screen of the platform:
Instrument Name Instrument Category Tenor Coupon Frequency No of Settlement dates OIS1M Rolling Maturity 1M Bullet 1 OIS2M Rolling Maturity 2M Bullet 1 OIS3M Rolling Maturity 3M Bullet 1 OIS6M Rolling Maturity 6M Bullet 1 OIS9M Rolling Maturity 9M Bullet 1 OIS1Y Rolling Maturity 1Y Bullet 1 OIS2Y Rolling Maturity 2Y Semi annual 4 OIS3Y Rolling Maturity 3Y Semi annual 6 OIS4Y Rolling Maturity 4Y Semi annual 8 OIS5Y Rolling Maturity 5Y Semi annual 10 OIS7Y Rolling Maturity 7Y Semi annual 14 OIS10Y Rolling Maturity 10Y Semi annual 20 Day Count Fraction: ACT/365
Business Day Convention: MODIFIEDF.
(b) SPREAD MARKET WATCH:
The following Spread instruments are available for trading on the Spread Market Watch screen on the platform:
Instrument Tenor 3M*6M 6M*9M 6M*1Y 9M*1Y 1Y*2Y 1Y*5Y 2Y*3Y 2Y*5Y 3Y*5Y 4Y*5Y 5Y*10Y - Salient features of the ASTROID platform:
- Market by Order (MBO): The best five Bid and Offer orders based on the rate-time priority are displayed.
- Market by Rate (MBR): The best five outstanding Bid and Offer rates and the cumulative quantity of one or more orders at each such best rate are displayed.
- Market Inquiry: Displays the instrument wise market summary.
- Total Trades: Displays the parameters of the trades executed till that time i.e instrument type, trade number notional amount and rate of all trades executed in the market.
- Rate Band: Rate band for the member to place an order is set at 100 bps w.r.t the previous day’s closing rate. The member user cannot place any orders with rates exceeding the rate band set by CCDS Admin.
- Access: ASTROID Trading platform can be accessed through INFINET (Indian Financial Network) or the Internet