Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 18,442,0029,296,8851,145,98828,884,8768,007,945 360.70
QQQ 7,753,8245,614,148250,97613,618,9495,025,991 270.97
VXX 9,755,6223,621,469115,96413,493,0555,727,423 235.59
UVXY 5,619,2702,381,51036,6768,037,4553,157,243 254.57
GE 1,920,7663,910,69096,0495,927,5064,158,202 142.55
TVIX 3,050,5531,448,54344,7864,543,8822,910,893 156.10
AAPL 1,700,1802,496,982201,8544,399,0162,651,345 165.92
UCO 3,364,828857,7999,7124,232,339500,453 845.70
XLF 3,090,298966,648100,6444,157,5905,533,971 75.13
EEM 1,466,5852,381,848158,7614,007,1944,417,125 90.72
FXI 958,8482,796,221109,6693,864,7382,412,100 160.22
MU 1,432,8122,269,77051,2323,753,8153,949,405 95.05
IWM 1,424,1771,912,010176,7643,512,9513,024,022 116.17
SPXS 2,815,118398,03723,9413,237,096314,936 1,027.86
IVV 2,193,072782,32553,6033,029,000340,674 889.12
XOP 842,0831,944,61246,4632,833,1582,823,958 100.33
MO 1,534,8541,141,50131,9632,708,3181,292,475 209.55
GDX 1,829,519816,07426,8822,672,4754,481,172 59.64
SQQQ 1,720,408871,43029,4182,621,2561,044,974 250.84
BAC 1,478,876925,23691,7412,495,8533,948,238 63.21
UWT 2,063,495410,3112,0362,475,842350,943 705.48
NVCN 490,5241,150,866802,0112,443,4011,117,671 218.62
MSFT 1,110,9471,141,917131,2602,384,1252,845,045 83.80
XLI 1,024,5561,278,50517,0262,320,0871,914,828 121.16
XLE 829,2481,372,43747,2732,248,9582,715,535 82.82

Data for 2018-04-18 to 2018-04-24 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.