Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 65,081,91725,562,9521,691,37192,336,24018,484,089 499.54
VXX 33,998,0267,174,590305,98241,478,5989,579,267 433.00
QQQ 22,294,0899,351,975734,26132,380,32410,567,265 306.42
SDS 22,675,2961,589,40028,34824,293,0441,454,823 1,669.83
SPXS 16,959,5651,407,29632,01818,398,8781,112,576 1,653.72
UVXY 16,584,0001,655,70429,76718,269,4721,100,378 1,660.29
SPXU 13,898,160981,29769,18614,948,643450,740 3,316.47
IWM 6,617,2194,905,666399,99911,922,8855,644,894 211.22
UPRO 9,193,7121,400,15153,45410,647,318834,339 1,276.14
IVV 8,085,453719,333230,4859,035,271523,920 1,724.55
VOO 7,008,4641,492,678119,8568,620,998575,028 1,499.23
XLF 6,360,6871,894,562280,3458,535,5949,834,538 86.79
TVIX 7,197,470889,14637,3138,123,929705,035 1,152.27
USO 6,246,0971,623,24738,1027,907,4461,815,419 435.57
SPXL 6,667,327918,52767,6777,653,531426,730 1,793.53
SVXY 6,325,841647,3579,6686,982,867310,134 2,251.56
EEM 4,161,9171,880,343314,7926,357,0517,302,124 87.06
MSFT 3,751,1732,440,743119,6246,311,5406,079,423 103.82
SSO 5,691,374433,548132,0256,256,946282,765 2,212.77
UCO 4,814,5081,296,31310,3496,121,170401,380 1,525.03
XLI 3,157,8642,555,30361,5475,774,7143,167,102 182.33
UWT 4,305,7421,182,96623,3395,512,047471,363 1,169.38
SQQQ 3,404,8111,869,46887,0625,361,3412,319,706 231.12
DWT 4,224,4901,101,3744,1025,329,966408,073 1,306.13
TQQQ 4,266,414989,30043,6875,299,401723,599 732.37

Data for 2018-12-04 to 2018-12-11 inclusive.

Missed Liquidity
This is a measure for the last week of the average daily volume requested at a price equal or better than the NBBO where we had no liquidity.
Exhausted Liquidity
This is a measure for the last week of the average daily volume requested at a price equal or better than the NBBO, which were partially filled.
Routed Liquidity
This number represents for the last week the average daily volume on orders which were routed and filled on another venue.
Volume Opportunity
This is a measure of the total average daily volume of the missed, exhausted and routed liquidity.
Cboe ADV
Average Daily Volume for the last week of shares matched on Cboe for the security shown.
Liquidity Opportunity
Percentage of the ADV missed, exhausted or routed. The higher the percentage the larger the market making opportunity.