{"url":"https://etfiq.com/funds/fint/trading/","section":"funds","title":"FINT Bid-Ask Spread, Liquidity and NAV Premium | ETFIQ","description":"FINT trading costs and liquidity: spread, premium to NAV, capacity and dealers, from ETFIQ. Spread, premium to NAV, capacity and dealers, dated.","as_of":"Jan 13, 2026","structured_data":[{"@type":"Dataset","@id":"https://etfiq.com/funds/fint/trading/#data","name":"FINT trading costs and liquidity","description":"FINT 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/fint/trading/","dateModified":"2026-01-13","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 FINT?","acceptedAnswer":{"@type":"Answer","text":"FINT\u2019s latest Form N-CEN, for the period ending Oct 31, 2025, lists 11 authorized participants (APs), and 4 created or redeemed shares. The largest were BofA Securities, Inc. (61.0%), Goldman Sachs & Co. LLC (34.3%), J.P. Morgan Securities LLC (2.8%) of the dollars its APs created and redeemed."}},{"@type":"Question","name":"Who is the LMM for FINT?","acceptedAnswer":{"@type":"Answer","text":"FINT\u2019s lead market maker (LMM) on NYSE Arca is GTS Securities LLC. Lead market maker per NYSE Arca, as of Nov 1, 2026."}}]},{"@type":"InvestmentFund","@id":"https://etfiq.com/funds/fint#fund","name":"Frontier Asset Total International Equity ETF","alternateName":"FINT","url":"https://etfiq.com/funds/fint","identifier":[{"@type":"PropertyValue","propertyID":"tickerSymbol","value":"FINT"}],"mainEntityOfPage":{"@id":"https://etfiq.com/funds/fint#webpage"}},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"FINT","item":"https://etfiq.com/funds/fint"},{"@type":"ListItem","position":3,"name":"Trading","item":"https://etfiq.com/funds/fint/trading/"}]},{"@type":"WebPage","name":"FINT Bid-Ask Spread, Liquidity and NAV Premium","description":"FINT 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/fint/trading/","dateModified":"2026-01-13","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4351,"truncated":false,"content":"ETFIQ / FINT / Trading \n \n As of Jan 13, 2026. Rebuilt every trading night.\n FINT bid-ask spread and liquidity\n In the year to Oct 31, 2025, 4 of FINT\u2019s 11 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: 0.0% of its long weight could be measured; the largest part not measured is unresolved Price fidelity Not measured: no closing premium is held for this fund Primary market, 65.0 4 active dealers of 11; largest 61% of creations and redemptions, N-CEN to Oct 31, 2025 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: 0.0% of its long weight could be measured; the largest part not measured is unresolved.\n Dealers\n 4 active of 11 authorized participants; the largest did 61% of creations and redemptions, in the year to Oct 31, 2025 (Form N-CEN filed Jan 13, 2026).\n The active authorized participants, largest first, by share of the dollars created and redeemed: BofA Securities, Inc. (61.0%), Goldman Sachs & Co. LLC (34.3%), J.P. Morgan Securities LLC (2.8%), Virtu Americas LLC (1.9%). 7 more were listed and created or redeemed nothing.\n How to trade FINT\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 In Sep 2026, retail market orders in FINT paid $3.27 one way on $10,000, against $12 at the quote. 84% of shares filled better than the quote.\n FINT: what retail market orders paid one way on $10,000, Sep 2026, half the effective spread. Source: SEC Rule 605 reports; computed by ETFIQ. Orders One way on $10,000 \n All wholesalers read $3.27 \n Fidelity customers $3.01 \n Schwab customers $5.11 \n Where it trades\n In Q2 2026, odd lots were 12.8% of FINT\u2019s exchange volume.\n Coming with trade data\n Spread through the day, buyers against sellers, an estimate of retail flow, 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 FINT? FINT\u2019s latest Form N-CEN, for the period ending Oct 31, 2025, lists 11 authorized participants (APs), and 4 created or redeemed shares. The largest were BofA Securities, Inc. (61.0%), Goldman Sachs & Co. LLC (34.3%), J.P. Morgan Securities LLC (2.8%) of the dollars its APs created and redeemed. Who is the LMM for FINT? FINT\u2019s lead market maker (LMM) on NYSE Arca is GTS Securities LLC. Lead market maker per NYSE Arca, as of Nov 1, 2026. Sources and dates\n Dealers: Form N-CEN, the year to Oct 31, 2025, accession 0002048251-26-000050.\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.\n Where to next\n FINT 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 FINT 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, FINT trading: cost, capacity, premium and dealers, data as of Jan 13, 2026. https://etfiq.com/funds/fint/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, FINT trading: cost, capacity, premium and dealers, data as of Jan 13, 2026. https://etfiq.com/funds/fint/trading/ APA ETFIQ. (Jan 13, 2026). FINT trading: cost, capacity, premium and dealers. Retrieved from https://etfiq.com/funds/fint/trading/ Markdown [FINT trading: cost, capacity, premium and dealers (ETFIQ, Jan 13, 2026)](https://etfiq.com/funds/fint/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, FINT trading: cost, capacity, premium and dealers, data as of Jan 13, 2026. https://etfiq.com/funds/fint/trading/"}