How do I correctly set this all up?

Hi all, I recently purchased a set of Tannoy ellipse 8 studio monitors and wondering how I go about setting it all up to get the most out of pianoteq. My current sound card is the M-audio fast track pro, the monitors are balanced so do I go out via TRS to XLR or phono to XLR (I've really got no idea)? Also the m-audio can do 24bit out using the phono out (ports 3 and 4 in the link) is this necessary (does it actually do anything)or possible with TRS to XLR? What settings should I use in pianoteq (sampling/bit etc)?

Monitors:
http://www.proaudioeurope.com/index.php...;catId=481
Monitor manual:
http://www.tannoy.com/products/30/Ellip...anual2.pdf

M-Audio:
http://www.core-sound.com/FastTrackPro/1.php

Thanks guys.

Murray