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.

Copyright © 2018 Day Trade The World, All rights reserved.

Leave a comment



Ready to make money?

The first step is to sign up

Chat with an Expert, call +1-800-416-6858, or send an email.

Accepted Payment Methods:  Payments accepted from DTTW™

Day Trade the World™ is a trademark of  

Your privacy is extremely important to us. Click here to view our Privacy Policy. View Sitemap

Your ability to open a DTTW trading office or join one of our trading offices is subject to the laws and regulations in force in your jurisdiction. Due to current legal and regulatory requirements, United States citizens or residents are kindly asked to leave this website.

Get your FREE eBook Now!
Learn why over 3,500 professional traders choose us.
Welcome Screen
close-link