ASTROID (Anonymous System for Trading in Rupee OTC Interest Rate Derivatives) is an anonymous dealing platform for Rupee Derivative trades referenced to the MIBOR (O/N) benchmark, launched by Clearcorp Dealing Systems (India) Ltd. since August 3, 2015.
OIS instruments referenced to MIBOR (O/N) benchmark are available for trading on ASTROID.
ASTROID Trading platform can be accessed through INFINET (INDIAN FINANCIAL NETWORK) or Internet
All commercial Banks (excluding Local Area Banks & Regional Rural Banks), Primary Dealers, Mutual Funds, Insurance companies, Pension Funds, All India Financial Institutions (AIFIs), who are members of the Rupee Derivatives Guaranteed Settlement Segment of CCIL and have the approval from their respective sectoral regulators are eligible to trade on this platform, subject to completion of documentation formalities.
12 Overnight Index Swap (OIS) Standard instruments ranging from 1-Month to 10-Years with rolling maturities are available for trading on the platform.
In line with the FIMMDA guidelines, the cash-flow settlement frequency of OIS instruments traded on ASTROID platform with tenors up to one year is Bullet i.e. upon maturity, while for the OIS instruments with tenors greater than 1 year is semi-annual.
Members of ASTROID have an access to various reports, which include Market Movement Report (pdf), Market Inquiry Report (pdf) and Trade Report – All Instruments (pdf and csv).
No, the trades concluded on ASTROID flow automatically for guaranteed settlement to the Rupee Derivatives Guaranteed Settlement Segment of CCIL.
Only 1 active HOT ID per member is permitted.
Mutiple active Dealer/ Back office IDs per member are permitted.
As per RBI guidelines, the Rupee OTC IRS trading is permitted from Monday to Friday 09:00 am to 05:00 pm.
Yes, the users can place Bid/ Offer orders by mentioning the Disclosed Quantity (DQ). The minimum DQ is 10% of the total order amount being placed by the user.
Yes, the trades concluded on ASTROID are guaranteed for settlement by The Clearing Corporation of India Limited. (CCIL)
At present, there is no functionality available on ASTROID to cancel/ unwind the deals concluded on the platform. However, CCIL conducts Portfolio compression exercise twice in a quarter, wherein the Members can submit their trades for compression.
The fees and charges effective from 2nd September 2024 are Rs. 100/- (plus GST and applicable taxes) per new trade dealt on the platform. Please note that these fees and charges are subject to change.
Spread Trading functionality (available on ASTROID effective from 05th June 2023) allows trading in two instruments simultaneously, wherein there is a buy position in one tenor and sell position in another tenor with a notional combination such that the residual PV01 is near zero or very small at the time of placing the order.
11 instruments are made available for Spread trading on the ASTROID platform based on the feedback of the participating Member Banks.
Two types of Spread Orders available on ASTROID are (i) Intentional Spread Orders and (ii) Inferred Spread Orders.
Intentional Spread Order is a Bid/ Offer Spread order placed by a Member user in Spread Market Watch.
Inferred Spread Order is a spread order created from best orders of Normal Market Watch using two standard tenor instruments corresponding to the instruments permitted in the Spread Market, the notional amounts of which are in PV01 neutral ratio.
Yes, since each Spread Trade results into 2 normal trades, therefore 2 separate CSVs get generated for each of the 2 Normal Trades. The format of these CSVs is similar to the CSVs of the Normal trades.
Please send an email at drvtrading@ccilindia.co.in mentioning your ASTROID ID for resetting of the password. ASTROID team will send the new password through email.
There can only be 1 Active HOT of a Member in ASTROID Platform.
There are no restrictions on number of users that can be created in ASTROID platform for a Member, and there are no charges for additional user creation.
No. ASTROID platform has provision for the following three roles only viz. HOT, Dealer and Back office.
Archival data is not available on the ASTROID trading platform. The Member users can download the required data on a daily basis from the platform.
Please call on +91 22 6154 6624/ 6625 or email at drvtrading@ccilindia.co.in with your ASTROID ID for logging off your ASTROID ID and cancelling the outstanding orders. Additionally, HOT of your bank can also cancel all your outstanding orders.
Member HOT needs to send an email to drvtrading@ccilindia.co.in for activation of Spread Trading on ASTROID. ASTROID team will activate Spread Trading for the Member after the close of trading session. Member users will be able to view Spread Market Watch from the subsequent trading session after the day of activation.
Please call on 61546624/25 or send us an email at drvtrading@ccilindia.co.in stating the error message shown and the User ID.
The Member HOT needs to send an email at drvtrading@ccilindia.co.in stating the SOL that the member wishes to increase in the respective tenor buckets.
Yes, the SOL changes have an impact on Prescribed Amount that gets blocked from the Member Common Collateral (MCC).
"HOT of your bank needs to send an email to drvtrading@ccilindia.co.in for creation/ deletion of an ASTROID ID.
For creation of a new user ID, HOT needs to mention the role (Dealer/ Back office/ HOT) along with the email id and contact no of the person for whom the account is being created.
For de-activation of an existing user ID, HOT needs to mention the ASTROID ID of the user."
The trade CSV file icon is available in the Market watch screen under Trades section. You can re-generate the CSV file by selecting the particular trade and pressing the Trade CSV icon.
The deal ticket print icon is available in the Market watch screen under Trades section. You can re-print the deal ticket by selecting the particular trade and pressing the Print icon.
ASTROID has a flat charge of Rs. 50 per trade. For further queries regarding to charges for ASTROID or charges for reporting of INR IRS trades, please call the Membership team.