Release: NEO-D Dark Pool

November 5, 2018

Release: NEO-D Dark Pool

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 Type

Limit, Market, Midpoint

Midpoint

Matching Priorities

Price – Broker Preference –

Neo Trader – Size/Time

Matching

Immediate 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 Submission

9:30 AM to 4:00 PM

8:00 AM to 4:00 PM

Fees

Gateway

Destination

Liquidity Flags

Description

Sub dollar Fee

Price $1 to $4.99

Price $5 or more

ETFs

AEQN

Aequitas NEO-D

N or 1

Add liquidity on Aequitas

NEO-D book

0.0001

0.0003

0.0006

0.0003

AEQN

Aequitas NEO-D

Y or 2

Remove liquidity on Aequitas

NEO-D book

Free

-0.0001

-0.0002

Free

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.

Regards,

Communications Team

*Remember to access our PPro8 Wiki and Knowledge Base to learn more.

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