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.
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.
