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Millennium IT
Turquoise has recently successfully completed the migration of its trading platform to the Millennium Exchange platform, technology provided by Millennium IT, a subsidiary of LSEG.

Customers accessing other LSEG markets can enjoy access to Turquoise with little incremental cost or effort.

All documentation for the migration to Millennium Exchange, including the Rule Book and the Trading Service Description, can be found under the relevant section of our document library here.

For more information on Millennium IT please see their website here.

Turquoise Performance
The latest order entry latency statistics for Turquoise on the Millennium Exchange platform are as follows
Order Entry via Native API Order Entry via FIX5 API
Order LatencyLatency
Average for all orders126 µs
99% of all orders within210 µs
99.5% of all orders within246 µs
99.9% of all orders within398 µs
Order LatencyLatency
Average for all orders196 µs
99% of all orders within264 µs
99.5% of all orders within293 µs
99.9% of all orders within362 µs
Latency is measured as follows for order entry:

  • the time it takes to accept, process, and acknowledge or fill a Participant order
  • the complete round trip from firewall to Native/FIX gateway to matching engine and back
  • measured from outside the Turquoise firewall
  • measured during the entire day, including open and close


These figures expected to improve once as the system is further tuned to optimise it for production conditions. Latency does not include the connectivity from customer's systems to the Turquoise firewall, as this differs per customer and cannot be measured by Turquoise.

Download the Turquoise Performance document as a pdf here

Protocols
— Native API
— FIX 5.0 SP2
— FIX 4.2/4.4
— ITCH proprietary interface via UDP multicast
Connectivity
— Participants will be able to connect to Turquoise via their London Stock Exchange proprietary Extranex network, hosting or VPN connectivity.
— Turquoise also supports 3rd party leased-line connectivity.
— Turquoise Hosting is available at the London Stock Exchange Primary Data Centre.
— Co-location within the data-centres of LSEG is also available, with cross-connect facilities to the Turquoise platform.
— More information on connectivity options can be found on the LSE website here.

All of our technical documentation can be found in the Millennium Exchange section of our document library here..
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