Market Quality Metrics (MQM) is a free service offered by the Swiss Stock Exchange. This innovative statistics tool ensures greater comparability and increased pre-trade transparency as it allows investors to compare the average spreads of the individual products on a daily basis.
In addition to the average spreads of the best bid and offer prices, the availability of these prices is also shown. The calculation takes into account both market maker offers and normal client orders. It also shows what was offered at the innermost level of the order book for an average volume (quantity and value).
Market Quality Metrics is available for bonds, ETPs, ETFs, investment funds and sponsored funds.
Note on bond data coverage
The “Market Quality Metrics® in Bonds” data published by SIX Swiss Exchange is based exclusively on pre-trade information of SIX Swiss Exchange Order Books. SIX Group Ltd and its direct and indirect subsidiaries do not assume any liability for the completeness of the depiction of market activity, the accuracy, the currentness and continuous availability of the information given nor for any loss incurred as a result of action taken on the basis of the information provided.