Easy, Affordable Access To Market Data Services
Aequitas NEO Exchange market data fees are designed to help investors make sound investment decisions and ensure trading information of Aequitas NEO Exchange-listed securities reaches the broadest possible audience:
- Market data for Aequitas NEO Exchange - listed securities will be free for everyone;
- Real-time displayed market data for TSX / TSXV-listed securities traded on the Aequitas NEO Exchange will be free for non-professional users ("retail investors");
- Real-time displayed market data fees for TSX / TSXV-listed securities traded on the Aequitas NEO Exchange will be waived until the Aequitas NEO Exchange reaches 3% market share.
Canadian real-time displayed market data fees, normalized by both volume and value traded, are considerably out of line with other capital markets around the world.
As an example, for a retail investor this type of data is more than four times more expensive in Canada than in the United States, a market 10 times the size. The prohibitive 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.
The Aequitas NEO Exchange is working to address these challenges and the market data fees are a clear indication of its willingness to deliver on the commitment to put the needs of investors and public companies first.
Market Data Fees: Aequitas NEO Exchange-listed securities traded on the Aequitas NEO Exchange:
Real-time market data for Aequitas NEO Exchange-listed securities will be free for everyone.
In an effort to revive the benefits for a company to go and stay public, the Aequitas 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 Aequitas NEO Exchange-listed securities will be made available for free to everyone. The Aequitas NEO Exchange expects to launch its listing platform mid-2015.
Market Data Fees: TSX/TSXV-listed securities traded on the Aequitas NEO Exchange:
Retail investors will have access to real-time displayed market data of TSX/TSXV-listed securities traded on the Aequitas NEO Exchange for free.
Due to the current prohibitive costs of real-time displayed 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 Aequitas NEO Exchange will offer all non-professional users access to real-time displayed market data of TSX/TSXV listed securities traded on the Aequitas NEO Exchange for free.
Real-time displayed market data fees for professional users will be extremely competitive and waived until the Aequitas NEO Exchange reaches 3% market share.
One of the main objectives of the Aequitas NEO Exchange is to re-energize the role Canadian dealers and financial 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 are a significant part of their cost burden. True to this vision and to reduce the cost burden of a new marketplace launching in Canada, the Aequitas NEO Exchange will waive real-time display market data fees for professional users until a 3% market share is reached. Once at 3% market share, our professional data fees will be at a competitive level, it is our intention to set a new standard for the Canadian market.