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TRADING NOTICE
DATE: May 22, 2015
NOTICE #: 2015-026
Changes to Trading Fee Schedule
Aequitas NEO Exchange has received regulatory approval for the trading fee changes set out
below. The new fee schedule, effective as of June 1, 2015, is attached to this notice and posted
on our website.
New Lit Book fees for non-interlisted securities
We are differentiating between interlisted and non-interlisted securities in our Lit Book and
remain committed to bringing down the overall costs of trading for all market participants and,
consequently, further reducing our fees for non-interlisted securities trading at or above $1.
Passive Rebate
Active Fee
-
Normal Trade
Unintentional Cross
All non-interlisted securities trading at or above $1.00
$0.0016
$0.0020
$0.0018
New NEO BookTM fees for LSTs
We are removing the higher active fee for LSTs in the NEO BookTM. We have concluded that the
speed bump is sufficient for our purposes of impacting predatory trading and that it is more
consistent with our overall approach to treat LSTs the same as all other non-retail participants
from a fee perspective.
Passive Fee
Active Fee
- Non-Retail
- Retail Customer1
- DMM2
- Unintentional Cross
Securities $1.00 or over
$0.0005
Securities under $1.00
$0.0001
$0.0005
$0
$0
$0
$0.0001
$0
$0
$0
[1]
2
A NEO TraderTM Trader ID certified by the Member as used exclusively to send order from Retail Customers.
Only applicable for the DMM’s assigned securities.
Should you have any questions or require additional information, please contact NEO Trading
Services via email or via telephone 416 933-5950.