Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
HMNY 58,386,3641,818,63578,92860,283,926948,434 6,356.15
SPY 15,177,3716,319,814518,12822,015,3126,653,558 330.88
QQQ 5,749,7423,719,125119,5189,588,3854,011,669 239.01
VXX 5,517,7952,133,496121,0397,772,3305,965,793 130.28
UVXY 3,560,1081,306,84824,9274,891,8842,805,737 174.35
AMD 1,718,5262,298,58855,2904,072,4044,725,390 86.18
IWM 1,943,2951,772,677223,6263,939,5983,512,161 112.17
EWG 3,392,421314,0023,6773,710,100180,399 2,056.61
EEM 2,111,0941,167,254164,9473,443,2955,069,414 67.92
GDX 2,250,178967,369137,2113,354,7585,870,911 57.14
XOP 1,083,0801,972,78317,7573,073,6202,263,604 135.78
VOO 1,782,535917,9369,3822,709,853304,219 890.76
SVXY 2,208,039429,1949692,638,2021,249,725 211.10
XLF 1,798,621635,97526,1612,460,7574,188,918 58.74
AAPL 1,131,9761,185,46974,5402,391,9842,668,833 89.63
USO 1,723,851660,0684,6912,388,6101,544,223 154.68
NWSA 228,7351,958,5972,6862,190,018301,454 726.48
SPXL 1,840,026319,39918,6912,178,116218,722 995.84
FXI 904,2201,124,126136,9112,165,2562,782,372 77.82
EWL 1,741,190314,4819,6922,065,36493,859 2,200.50
IVV 1,611,450343,309106,6952,061,454426,991 482.79
JD 875,1441,071,888107,7752,054,8072,054,195 100.03
MU 961,9481,004,90557,8482,024,7011,963,963 103.09
MSFT 1,244,735720,64350,4752,015,8532,440,553 82.60
VIXY 1,573,163283,7761,5901,858,529350,568 530.15

Data for 2018-08-13 to 2018-08-17 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.