● Algorithmic trading · Quantitative research · Order routing
From research to order routing, end to end.
TurQuant builds algorithmic trading solutions for brokerage firms, funds and institutional investors. We research, model and code the strategy, and carry it all the way to the exchange.
Our approach
One chain, one owner.
A strategy is only as good as its weakest link. We take on the research, the software and the order routing as one team, so nothing is lost between the idea and the trade.
- 01
Research
Market microstructure, statistical relationships and mathematical models.
- 02
Strategy
Turning the model into trading rules, risk limits and parameters.
- 03
Order routing
Low-latency connectivity from colocation over the OUCH and FIX protocols.
- 04
Live trading
Real-time risk control, monitoring and a full audit trail.
Solutions
What we offer, and to whom.
Liquidity provision and market-making technology
An LP platform that quotes in equities, futures, warrants and certificates. As a subcontractor, we take on both the technology and its operation.
Details Funds and institutional investorsInstitutional strategies
Delta-one strategies, ETF basket arbitrage, cash–futures arbitrage, and warrant and options market making.
Details Institutional clientsAlgorithm licensing
We license our field-tested momentum and trend algorithms as software that runs in your account and under your control.
Details Technology seekersInfrastructure and order routing
Order routing over OUCH and FIX, colocation and low-latency trading infrastructure, together with our partners where needed.
DetailsWhat you can count on
A team from the field.
Capital markets experience
Our founding team has spent more than twenty-five years in Turkish capital markets, from equity research and corporate finance to trading infrastructure.
Infrastructure we built ourselves
We built and operate our own colocation, OUCH and FIX order routing and high-frequency trading infrastructure at Borsa Istanbul.
Auditable systems
Every algorithm runs with risk limits, a kill switch and a complete trade log. We build systems that can show what they are doing at any moment.
Research
On algorithmic trading, HFT and quantitative finance.
The mathematics of market making: inventory risk and quoting
Why does a market maker not quote around the mid price? Reservation price, optimal spread and inventory penalty in the Avellaneda–Stoikov framework.
Basis in cash–futures arbitrage: fair value, cost of carry and real-world frictions
Why is the theoretical futures price not the market price? The no-arbitrage band once carry, dividends, margin and transaction costs are counted.
Let's talk about your project.
Tell us what you need, and we will work out the right solution and engagement model together.