Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 6,490,6594,017,062468,59010,976,3115,288,251 207.56
VXX 5,415,1712,299,973129,8477,844,9923,976,559 197.28
UVXY 4,958,8582,419,44743,1357,421,4412,058,303 360.56
IWM 2,112,3161,822,369265,4464,200,1312,111,726 198.90
UGAZ 1,712,4851,725,30572,0533,509,844985,436 356.17
QQQ 1,466,947985,923162,8242,615,6952,202,197 118.78
DGAZ 1,561,344988,16526,0152,575,524409,505 628.94
TVIX 1,702,144716,20847,7702,466,1221,035,380 238.19
SVXY 1,882,617556,55518,7432,457,9151,111,389 221.16
XINA 1,921,969001,921,96940 4,804,922.50
WMT 682,2761,161,46642,6311,886,373962,499 195.99
CMCSA 1,016,616820,24039,9111,876,7671,614,013 116.28
CSCO 832,244876,80678,4501,787,5002,037,119 87.75
MRVL 549,9011,139,28243,5731,732,7562,340,744 74.03
GDX 1,100,268530,53636,0951,666,8982,721,036 61.26
HYG 130,3881,340,518153,1271,624,0321,245,666 130.37
MU 809,322680,12334,7631,524,2081,588,772 95.94
BAC 989,408490,04133,4891,512,9392,249,004 67.27
UCO 1,039,605470,0552,1491,511,810246,968 612.15
AMD 1,006,151487,14810,8721,504,1702,531,793 59.41
TLT 783,973670,68532,9711,487,629769,551 193.31
EEM 832,009583,29457,1161,472,4193,258,496 45.19
XIV 1,127,361296,51414,0261,437,901515,764 278.79
EWZ 596,346733,47561,8281,391,6491,566,298 88.85
FOXA 485,186849,83927,9871,363,0121,293,693 105.36

Data for 2017-11-16 to 2017-11-22 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.