Our Trading Solutions

The NEO Exchange uses innovative technology and market structure solutions to address transparency, liquidity and fairness needs across Canadian capital markets.

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Lit Book

  • Continuous trading 8:00am to 5:00pm
  • Matching priority: price/broker/NEO Trader™/time
  • Make-Take fee model
  • Opening auction for Aequitas NEO Exchange listed securities only
  • Market-by-Order data feed

NEO Book™

  • Continuous trading 8:00am to 5:00pm
  • Matching priority: price/broker/size-time
  • Take-make fee model
  • Speed bump for Latency Sensitive Traders
  • Market-by-price data feed

Our DMM Program

Liquidity is a vital contributor to investor confidence and issuer success.  At the NEO Exchange, we believe that while high frequency trading is generally beneficial to marketplaces, for such practices to be considered market making there must to be an obligation to provide liquidity throughout the entirety of the trading day, not only when it is financially beneficial to do so.

Learn more     DMM Obligations & Benefits      DMM Directory

Committed to Investor Confidence

The NEO Exchange is committed to restoring investor confidence by addressing issues of fairness, liquidity and transparency which exist in the market today. It is to everyone’s benefit – institutional and retail investors, dealers, market makers and companies raising capital for growth (issuers) – when an exchange provides an environment where all market participants receive a fair and equitable opportunity to flourish.

Real-time Quotes     Trading Statistics

  • NEO Connect Supports Offering Memorandum Funds

    Dealer activity on Canada’s new fund distribution platform continues to grow

    TORONTO – March 14, 2017 – Aequitas NEO Connect (“NEO Connect”) is pleased to announce the launch of Offering Memorandum (“OM”) funds on Canada’s newest fund distribution platform. NEO Connect now... read more

  • Redwood Opens The NEO Exchange

    Toronto – March 15, 2017 – Redwood Asset Management (“Redwood”), a wholly owned subsidiary of Purpose Investments Inc. (“Purpose”), including Redwood President, Peter Shippen, and Som Seif, founder... read more

  • Ring The Bell for Gender Equality

    March 8, 2017

    Join us for breakfast and a panel discussion on 'empowering women' before a special market open ceremony.


  • Elimination of Marketplace Rebates

    Marketplace rebates create conflicts of interest, distort routing practices and impact quality of execution. Together we can change that.

    Guest post by Chief Business Officer Joacim Wiklander February 1st, 2017 On March 1st, 2017 NEO intends to significantly lower the cost of trading and reduce the rebates we offer on the... read more

  • The Smoking Gun: A $105 Million Tax on Canadian Markets

    The first academic paper to examine the TSX Alpha speed bump, Dr. Sean Foley’s “The Value of a Millisecond: Harnessing Information in Fast, Fragmented Markets” has been published and it comes to a... read more