New Release: Aequitas NEO-D Dark Pool

August 30, 2021

Dear Manager,

NEO Exchange has introduced a new dark venue (NEO-D) to further expand dark functionality features through a combination of NEO’s unique matching priorities, simple order types, and greater certainty around the type of flow to be interacted with.

Just a few of the many advantages of trading on NEO-D:

  • This is a new release—DTTW™ went live with it just last week on November 1
  • There are many, many opportunities for fills on active names where the spread is greater than 1 penny
  • All trading happens at the midpoint of the NBBO
  • Traders can take advantage of the fee structure—free or rebate for aggressive (remove liquidity) order types

You can send orders to NEO-D by selecting the destination Aequitas NEO-D in PPro8.

Highlights

 Active (IOC)Passive (Midpoint)
Order TypeLimit, Market, MidpointMidpoint
Matching Priorities Price – Broker Preference – Neo Trader – Size/Time
MatchingImmediate upon entry (between 9:30 AM and 4:00 PM)Immediate upon entry, or after each NBBO recalculation (between 9:30 AM and 4:00 PM)
Order Submission9:30 AM to 4:00 PM8:00 AM to 4:00 PM

Fees

Effective  Wednesday, September 1, 2021, the NEO Exchange changed their fees, as follows:

GatewayLiquidity FlagsDescriptionCurrent FeeNew Fee
AEQNN/AAequitas Lit book Opening and Closing Call trades0.00050.001
AEQNN or 1Add liquidity on Aequitas Lit book - ETF-0.001-0.0012
AEQNY or 2Remove liquidity on Aequitas Lit book - ETF0.00140.0016
AEQNN or 1Add liquidity on Aequitas Neo book - ETF0.00230.0014
AEQNY or 2Remove liquidity on Aequitas Neo book - ETF-0.002-0.0011
AEQNN or 1Add liquidity on Aequitas Neo book - Sub Dollar0.00050.0007
AEQNY or 2Remove liquidity on Aequitas Neo - Sub Dollar-0.0003-0.0005

NEO-D creates a truly differentiated dark marketplace that offers options for all types of traders while continuing to provide an enhanced trading experience for natural investors.

For more information about this new venue, you can read the official NEO-D document.

Remember to read the NEO posts on TIP to find the best opportunities.

If you have any questions or comments, you can create a mojo.

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