The implementation is backward compatible with the Millennium 9.2 version, which goes live at 27 November 2017 and does not require any new conformance testing for market participants.
The purpose of Turquoise Lit Auction™ is to provide a lit trading alternative to reported trades within the current volume weighted spread of the lit book, whereas the traded volume is not above the MiFID II Large In Scale threshold. Turquoise Lit Auction™ will also offer a lit auction-alternative to "dark trading", where volume does not exceed Large In Scale.
Launch of Turquoise Lit Auction™ in Oslo Børs’ CDS environment will be 4 December 2017.
New versions of
- Market Model - Equities
- FIX Trading Gateway
- Native Trading Gateway
- Drop Copy Gateway
- Post Trade Gateway
- MITCH Gateway
The document "Turquoise Lit Auction™ on Oslo Børs" describes the total impact to all related gateways, as well as key features of the new functionality.
If you have any other questions or comments, you are always welcome to contact one of Oslo Børs’ main contacts (below).
Ingvild Resaland, tel. +47 22 34 19 16, email@example.com
Torbjørn Vik, tel. +47 22 34 17 47, firstname.lastname@example.org
Bodil Østby, (fixed income members) tel. +47 22 34 17 09, email@example.com
Alexander Næss, tel +47 22 34 17 71, firstname.lastname@example.org
Christian Ringstad, tel +47 22 34 17 94, email@example.com
Technical Support, tel +47 22 34 19 90, firstname.lastname@example.org
Enablement Team, email@example.com