TRADING NOTICE - Aequitas NEO Exchange
Transcription
TRADING NOTICE - Aequitas NEO Exchange
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.