Trade with confidence.
A stronger market delivers better outcomes.
ASX combines deep liquidity, competitive pricing, reliable execution, transparent price discovery and efficient market access to support a trusted and resilient market for investors.
Understand where trading happens and how venue quality can affect investors.
Displayed depth
$1.60m
2.1x TMX-A
Average spread
10.74 bps
34% tighter
Price leadership
90%
exclusive NBBO time versus 9.8% for TMX-A
Order fill time
134 sec
34% faster
Investor takeaway
ASX combines the largest share of activity with deeper displayed liquidity and tighter average spreads in this sample.
Source: BMLL Technologies historical market data
Disclaimer: The information contained in this webpage is for information purposes only. Statistical information is based on sources considered reliable, including BMLL, as at October 2026. To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted by ASX.
Compare key market quality measures across trading venues, including liquidity, pricing, execution quality and price discovery. These metrics help explain how venue quality can influence the trading experience and investor outcomes.
ASX is 112% higher
ASX is 34% tighter
Investor takeaway
Market quality is not a guarantee of an individual outcome, but deeper liquidity and tighter spreads may reduce trading friction.
Source: BMLL Technologies historical market data
Disclaimer: The information contained in this webpage is for information purposes only. Statistical information is based on sources considered reliable, including BMLL, as at October 2026. To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted by ASX.
Compare key market quality measures across trading venues, including liquidity, pricing, execution quality and price discovery. These metrics help explain how venue quality can influence the trading experience and investor outcomes.
Investor takeaway
Trading activity occurs across a range of venues and execution methods. Understanding where trading takes place can provide context on market liquidity, price discovery and how orders are executed.
Disclaimer: The information contained in this webpage is for information purposes only. Statistical information is based on sources considered reliable, as at October 2026. To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted by ASX.