Turquoise trading interface

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

Module Functions

  • Upload of reference data from a directory.
  • Forwarding and cancellation of orders as well as transmission of trading data in the following modes:

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

    Turquoise Dark Midpoint Order Book (Dark Pool) — a mode, where orders are sent to ‘invisible quotes’ and executed at the same price calculated as an average value between bid and offer. (The mode features the service — Turquoise Block Discovery™ for the matching of undisclosed Block Indications and the innovative mechanism — Turquoise Uncross™ that provides randomized uncrossings which are ideal for larger and less time sensitive of passive orders).

  • Transmission of Level I and Level II market data (the Lit mode) and anonymous trades (Lit and Dark Pool modes).
  • On-exchange order replacement and order cancellation.

Access to MTF Turquoise comprises market data, transaction and Drop Copy connections:

  • The market data connection comprises several data channels with each transmitting data on a specific market segment. Connection is established through the MITCH exchange protocol which is based on UDP and TCP network protocols.
  • The transaction connection serves for order forwarding/cancellation and trade reporting. The connection is established through TCP and FIX network protocols.
  • The Drop Copy connection serves for transmitting data on orders and trades to the QUIK server. The connection is established through 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 via the 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 Gold 5118 or better,

2 GB RAM,

20 GB available hard disk space.

OS Windows Server 2008/2012/2016 (x64).

The indicated hardware and software requirements are minimal. With sufficient resources the interface can be installed on one PC with the QUIK server. For additional information, please contact QUIK Technical Support.

Use Options

Purchase Managed services / System backup Hosting Testing
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