Abstract: Take the matrix Lie superalgebra $gl_{N|N}$ with the standard generators $E_{ij}$ where $i,j=-N,...,-1,1,...,N$. Define an involutive automorphism of $gl_{N|N}$ by sending $E_{ij}$ to $E_{-i,-j}$. Then the corresponding twisted subalgebra $g$ in the polynomial current Lie superalgebra $gl_{N|N}[u]$, has a natural Lie co-superalgebra structure. Here we quantise the universal enveloping algebra $U(g)$ as a co-Poisson Hopf superalgebra. For the quantised algebra we give a description of the centre, and construct the double in the sense of Drinfeld. We also construct a class of irreducible representations of the quantised algebra, by introducing an appropriate analogue of the degenerate affine Hecke algebra.