{"url":"https://etfiq.com/funds/ablg/trading/","section":"funds","title":"ABLG Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"ABLG trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"Oct 10, 2024","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/ablg/trading/#data","name":"ABLG trading costs and liquidity","description":"ABLG trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/ablg/trading/","dateModified":"2024-10-10","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","variableMeasured":["30-day median bid-ask spread","Premium or discount to NAV","Capacity","Active authorized participants","IQ Liquidity Score","Cost to trade by order size"],"distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}],"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Who is the AP for ABLG?","acceptedAnswer":{"@type":"Answer","text":"ABLG\u2019s latest Form N-CEN, for the period ending Jul 31, 2024, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (66.4%), J.P. Morgan Securities LLC (33.6%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for ABLG?","acceptedAnswer":{"@type":"Answer","text":"ABLG\u2019s lead market maker (LMM) on Cboe BZX is GTS Securities LLC. Lead market maker per Cboe BZX, as of Nov 1, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/ablg#fund","name":"Abacus FCF International Leaders ETF","alternateName":"ABLG","url":"https://etfiq.com/funds/ablg","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"ABLG"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/ablg#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"ABLG","item":"https://etfiq.com/funds/ablg"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/ablg/trading/"}]},{"@type":"WebPage","name":"ABLG Bid-Ask Spread, Liquidity and NAV Premium","description":"ABLG trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","url":"https://etfiq.com/funds/ablg/trading/","dateModified":"2024-10-10","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4085,"truncated":false,"content":"ETFIQ / ABLG / Trading \n \n As of Oct 10, 2024. Rebuilt every trading night.\n ABLG bid-ask spread and liquidity\n In the year to Jul 31, 2024, 2 of ABLG\u2019s 2 authorized participants created or redeemed shares.\n IQ Liquidity Score\n Not scored, 1 of 6 measured.\n A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built \n Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity Not measured: 49.6% of its long weight could be measured; the largest part not measured is foreign Price fidelity Not measured: no closing premium is held for this fund Primary market, 45.0 2 active dealers of 2; largest 66% of creations and redemptions, N-CEN to Jul 31, 2024 Bad-day behaviour Not measured: no daily closing premium is held for this fund Depth Not measured: needs trade and quote data (Phase 2) \n Capacity\n Not measured: 49.6% of its long weight could be measured; the largest part not measured is foreign.\n Dealers\n 2 active of 2 authorized participants; the largest did 66% of creations and redemptions, in the year to Jul 31, 2024 (Form N-CEN filed Oct 10, 2024).\n The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (66.4%), J.P. Morgan Securities LLC (33.6%).\n How to trade ABLG\n When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund\u2019s own day once it has trade data. What retail orders paid\n ABLG ranked 616th of 628 ETFs by retail order activity in Sep 2026, an ETFIQ estimate. It drew 0.0000% of the market-order dollars in 3 retail brokers\u2019 reports. Retail activity ranking \n Where it trades\n In Q2 2026, 74% of ABLG\u2019s shares traded off exchange on the median day. Odd lots, under 100 shares, were 9.1% of its exchange volume.\n Coming with trade data\n Spread through the day, buyers against sellers, large trades and the closing auction\u2019s share, each once ETFIQ has trade and quote data.\n Questions people ask\n Who is the AP for ABLG? ABLG\u2019s latest Form N-CEN, for the period ending Jul 31, 2024, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (66.4%), J.P. Morgan Securities LLC (33.6%) of the dollars its APs created and redeemed. Who is the LMM for ABLG? ABLG\u2019s lead market maker (LMM) on Cboe BZX is GTS Securities LLC. Lead market maker per Cboe BZX, as of Nov 1, 2026. Sources and dates\n Dealers: Form N-CEN, the year to Jul 31, 2024, accession 0001145549-24-063756.\n Retail orders: SEC Rule 605 reports, Sep 2026, from Charles Schwab, G1 Execution Services, Fidelity Brokerage Services, Robinhood, HRT Financial, Jane Street Capital, Vanguard. Computed by ETFIQ. Citadel Securities refused ETFIQ\u2019s request, so its orders are not counted.\n Where it trades: SEC MIDAS, Q2 2026, against the fund\u2019s daily volume from Tiingo.\n Where to next\n ABLG fund page ETF trading costs and liquidity Limit orders vs market orders for ETFs Why low volume does not mean illiquid How the IQ Liquidity Score is built Compare ABLG with another fund The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, ABLG trading: cost, capacity, premium and dealers, data as of Oct 10, 2024. https://etfiq.com/funds/ablg/trading/ Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, ABLG trading: cost, capacity, premium and dealers, data as of Oct 10, 2024. https://etfiq.com/funds/ablg/trading/ APA ETFIQ. (Oct 10, 2024). ABLG trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/ablg/trading/ Markdown [ABLG trading: cost, capacity, premium and dealers (ETFIQ, Oct 10, 2024)](https://etfiq.com/funds/ablg/trading/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, ABLG trading: cost, capacity, premium and dealers, data as of Oct 10, 2024. https://etfiq.com/funds/ablg/trading/"}