Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 3,366,0122,719,569495,7106,581,2904,471,846 147.17
VXX 1,969,2032,006,03895,9264,071,1682,979,751 136.63
QQQ 1,788,9801,941,365238,5973,968,9421,870,331 212.21
GE 1,080,8302,277,378153,6613,511,8703,459,343 101.52
UGAZ 1,461,5271,305,775119,9502,887,2521,007,548 286.56
UVXY 1,598,9861,141,81332,7902,773,5881,754,639 158.07
IWM 1,204,9331,061,558200,1992,466,6911,725,155 142.98
MU 945,0291,402,67782,2092,429,9152,107,505 115.30
NKTR 644,9461,493,7089,4162,148,07075,876 2,831.03
ECA 473,9121,572,90612,1932,059,0111,760,583 116.95
BAC 1,016,585847,39396,5341,960,5133,127,100 62.69
XLF 1,192,413688,03518,0771,898,5253,883,383 48.89
GDX 1,163,733641,91230,1781,835,8242,475,377 74.16
TRXC 1,042,692564,765149,6901,757,1471,231,617 142.67
TLT 824,613841,72636,9941,703,3341,031,423 165.14
AAPL 706,270832,60442,3751,581,2501,457,272 108.51
VALE 707,028765,60050,9141,523,5422,827,922 53.87
AMD 970,544467,84711,7181,450,1102,420,044 59.92
SE 410,310923,166107,0291,440,5051,009,695 142.67
QD 539,759622,361129,3121,291,432477,048 270.71
TLH 1,252,08910,700301,262,8182,895 43,620.66
IBM 941,341279,13938,6041,259,084638,036 197.34
JD 507,628690,74725,2551,223,630974,004 125.63
PCG 555,843514,488109,8211,180,152878,396 134.35
DGAZ 782,889370,03111,4161,164,336295,598 393.89

Data for 2017-10-16 to 2017-10-20 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.