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Infrastructure and order routing
The path a strategy takes to the exchange has to be designed together with its protocols, network, hardware and risk controls. We built this path ourselves, and we operate it.
A pipeline we built, and we run.
Every step from receiving market data to an order reaching the exchange determines latency and risk. That is why we designed data handling, the strategy engine, risk controls and order routing as a single pipeline.
Every link in the pipeline is measured and logged, so why, when and under what conditions an order was sent can be traced back at any time.
Illustrative simulation: the message flow from ITCH data to the order book, from strategy to risk control, and over OUCH to the exchange. Not real data.
Components
Order routing over OUCH
Borsa Istanbul's binary, low-latency order protocol, for high-frequency strategies and market making.
Order routing over FIX
The industry-standard protocol for equities and VİOP derivatives, with broad order-type support and straightforward institutional integration.
Market data
Rebuilding the order book level by level and event by event from the ITCH feed, with integrity checks.
Colocation
Servers located in the Borsa Istanbul data centre, with latency optimisation at network, operating system and application level.
Pre-trade risk controls
Price, size, position and loss limits checked before an order reaches the exchange, plus a kill switch.
Monitoring and logging
Real-time monitoring dashboards and an auditable record of every order and every decision.
Partnerships
With the ecosystem, where it helps.
Our priority is the infrastructure behind our own solutions. Even so, for firms looking for colocation, order routing or a low-latency setup, we deliver end-to-end solutions together with partners in the ecosystem where needed.
Let's talk about your infrastructure.
Tell us about your current setup and your goal, and we will map out the best route together.