Turquoise trading interface

The interface provides trading access to the securities market based on MTF Turquoise platform which constitutes part of LSE Group.

Module functions

  • Upload of Reference Data.
  • Order routing and cancellation as well as trade data delivery in the following modes:

    Turquoise Integrated Order Book (Lit) — double auction mode with standard execution of orders based on ‘displayed quotes’.

    Turquoise Dark Midpoint Order Book (Dark Pool) — the mode when undisclosed orders are executed at the average price calculated on the basis of bid-ask spread. (The mode features the service — Turquoise Block Discovery™ for matching undisclosed Block Indications and the innovative mechanism - Turquoise Uncross™ that provides randomized uncrossings which are ideal for larger and less time sensitive passive orders).

  • Delivery of Level I and Level II Market Data (Lit mode) and all trades (Lit and Dark Pool modes).
  • Order replacement and order cancellation by the MTF.

Access to MTF Turquoise comprises Market Data, transactions and Drop Copy connections:

  • The Market Data connection includes several data channels transmitting data on a specific market segment. Connection employs the exchange protocol MITCH which is based on UDP and TCP network protocols.
  • The transaction connection serves for order routing/cancellation and trade reporting. The connection employs TCP and FIX network protocols.
  • The Drop Copy connection transmits data on orders and trades to the QUIK server. The connection employs TCP and FIX network protocols.

Supported order types

  1. Lit mode (‘visible’ quotes):
    Market,
    Limit,
    ‘Iceberg’ orders,
    Hidden.
  1. Dark Pool mode (‘invisible’ quotes):
    Market,
    Limit,
    Linked orders,
    Order+BDN (large volume orders in Dark Pool mode).
The interface is installed on the broker’s PC which is connected to the QUIK server by TCP/IP protocol. The interface software may be installed on the same PC as the QUIK server software.

Hardware and software requirements

Hardware Product name

Processor Intel Xeon E5504 or better.

2 GB RAM.

20 GB available hard disk space.

OS Windows 2008/2012 Server x64.

The indicated hardware and software requirements are minimal. With ample resources the interfaces may be installed on the same PC as the QUIK server. Any arising questions may be addressed to the QUIK support service.

Use options

Purchase Managed services / System backup Hosting Testing
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