NEO MARKET DATA

MORE ACCESSIBLE MARKET DATA FOR ALL

Increasing Affordability

Prohibitive market data fees often cause investors at home and abroad to minimize their access to Canadian market data, impacting their investment decisions. Consequently, Canadian capital raising companies can miss opportunities to promote their securities and trading activity both domestically and internationally.

The NEO Exchange is working to address these challenges for companies listed on the NEO Exchange and for investors - both professional and retail - utilizing the NEO Exchange trading platform to trade TSX, TSXV and NEO-listed securities. Our approach to market data fees is one way we are doing that.

Market Data Fees: NEO-listed securities

Real-time market data for NEO Exchange-listed securities will be free for everyone.

In an effort to help revive the benefits for a company to go and stay public, the NEO Exchange will focus significant effort on connecting its listed public companies and investment products to their investors. One core component of this strategy is that trading information for all NEO Exchange-listed securities will be made available for free to everyone. The NEO Exchange expects to launch its listing platform mid-2015.

Market Data Fees: TSX/TSXV-listed securities traded on the NEO Exchange

Retail investors will have access to real-time display market data of TSX/TSXV-listed securities traded on the NEO Exchange for free.

Due to the prohibitive costs of real time market data, the majority of Canadian retail investors only see a partial and declining view of Canadian trading information in real-time. Information is power and a more transparent view of all Canadian trading activity will help investors make sound investment decisions.  The NEO Exchange will offer all non-professional users access to real-time market data of TSX/TSXV-listed securities traded on the NEO Exchange for free.

Real-time display market data fees for professional users will be extremely competitive, and waived until the NEO Exchange reaches 3% market share.

One of the main objectives of the NEO Exchange is to re-energize the role Canadian dealers and investment advisors play in trading securities and facilitating capital-raising. Key to delivering on this objective is reducing their cost of doing business, and excessive market data fees have a significant impact. True to this vision and to reduce the cost burden of a new marketplace launching in Canada, the NEO Exchange will waive real-time display market data fees for professional users until a 3% market share is reached. Once a 3% market share is reached, professional data fees will be charged at a competitive level, setting a new standard for the Canadian market.

Click here for the market data fee schedule effective December 1, 2015 (CAD)

Click here for the market data fee schedule effective December 1, 2015 (USD)