Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 109,637,61227,788,6961,974,921139,401,22918,573,535 750.54
QQQ 37,288,95418,461,537753,22156,503,71215,305,708 369.17
VXX 36,199,9799,551,924526,91246,278,81517,880,805 258.82
SPXU 23,139,5264,408,39686,23527,634,1571,662,808 1,661.90
SPXS 24,876,5771,834,14774,22926,784,9531,681,648 1,592.78
SDS 23,521,6521,749,41580,07925,351,1462,548,473 994.76
UVXY 20,035,4563,055,81135,19723,126,4641,839,554 1,257.18
UPRO 19,463,0182,496,249183,76822,143,0351,162,423 1,904.90
IWM 8,998,8306,348,213699,23116,046,2749,037,877 177.54
SPXL 12,732,6551,848,187105,34314,686,1861,125,090 1,305.33
SVXY 10,070,6131,491,34611,75711,573,717693,804 1,668.15
IVV 9,791,9711,105,559352,69711,250,227896,626 1,254.73
VOO 8,433,5872,737,06464,93211,235,583883,823 1,271.25
XLV 5,770,3334,484,90488,43010,343,6664,600,453 224.84
XLF 7,974,4212,154,391153,67810,282,48914,161,257 72.61
SQQQ 7,566,2712,410,711148,73310,125,7155,221,542 193.92
XLI 5,802,2323,561,853115,6329,479,7174,349,251 217.96
SSO 6,825,5471,006,548245,2828,077,376329,867 2,448.68
XLK 5,948,6371,880,99132,0987,861,7266,377,007 123.28
EEM 5,382,1242,075,389346,1837,803,6967,236,337 107.84
AMD 3,339,8983,742,20887,1857,169,2927,763,549 92.35
MSFT 3,781,7893,088,659156,8407,027,2886,600,742 106.46
GDX 4,493,4151,686,163109,5786,289,1568,616,235 72.99
VIXY 4,934,0131,138,8193,0656,075,8961,180,211 514.81
QID 4,723,172943,754146,2385,813,1641,320,970 440.07

Data for 2018-10-10 to 2018-10-16 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.