Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY13,464,7846,704,876617,40420,787,0637,208,127 288.38
VXX11,080,2811,980,519102,69113,163,4912,953,296 445.72
GLD8,146,7921,973,06616,26510,136,1231,738,535 583.03
QQQ5,163,4613,269,743173,0858,606,2893,486,963 246.81
USO4,080,7881,343,24844,2075,468,2441,663,369 328.75
UVXY4,503,030857,39613,5275,373,953752,094 714.53
UGAZ4,223,224687,4517,0914,917,766399,468 1,231.08
UWT4,022,033584,9729,9374,616,942359,383 1,284.69
DWT4,031,601509,43610,3594,551,396330,725 1,376.19
SVXY4,042,065449,3511,0954,492,511433,933 1,035.30
TLT2,674,0231,677,38242,0414,393,4461,305,682 336.49
UNG3,555,982734,0615,6384,295,680208,188 2,063.37
AMD2,356,6781,792,93642,7414,192,3554,483,813 93.50
LGCY1,708,1882,009,584438,1604,155,9323,137,947 132.44
UCO3,076,866904,5533,9683,985,388330,547 1,205.69
GDX1,804,9451,647,141191,5003,643,5864,845,307 75.20
TVIX2,431,9151,141,28937,9523,611,156854,807 422.45
IWM1,943,7571,377,756157,5123,479,0252,097,641 165.85
EEM1,767,4941,319,840108,0713,195,4065,396,828 59.21
WORK1,261,8151,474,879305,3583,042,0521,525,371 199.43
TQQQ2,061,383522,18726,9792,610,549856,835 304.67
IVV2,104,317405,84571,2142,581,376359,833 717.38
SCO2,168,562383,1024,4042,556,067142,762 1,790.44
CZR733,9061,264,855263,3952,262,1562,437,455 92.81
VALE740,6441,385,97620,7112,147,3301,220,012 176.01

Data for 2019-06-18 to 2019-06-24 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.