Cboe EDGA U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
UNG 40,297,9651,233,61417,35041,548,929229,631 18,093.78
SCHR 22,639,2301482022,639,398789 2,869,378.71
USO 8,479,5971,037,2678,8889,525,752436,308 2,183.26
UGAZ 8,188,5481,159,69753,5089,401,753434,666 2,162.98
IEFA 8,169,310389,1811,9578,560,448120,392 7,110.48
SPY 6,333,9101,240,473874,0618,448,4441,294,090 652.85
XLF 6,072,538200,871563,3056,836,7141,010,924 676.28
VXX 5,269,0191,020,424167,2186,456,662811,411 795.73
UVXY 4,504,287734,93819,5155,258,739555,219 947.15
EEM 4,309,973616,256214,8045,141,0331,382,820 371.78
QQQ 3,658,924540,900108,5184,308,342542,969 793.48
BAC 3,505,423343,59768,4193,917,4401,032,575 379.39
BOIL 3,434,352282,69703,717,04939,499 9,410.49
IEF 3,517,72552,7693,4213,573,91441,333 8,646.64
EFA 2,657,095320,931219,8033,197,829561,683 569.33
VALE 2,936,242231,50722,6753,190,424464,969 686.16
TZA 3,035,440135,4058,3193,179,164171,075 1,858.35
GE 2,672,503276,565172,2223,121,291907,612 343.90
GOVT 2,913,883125,6871,3733,040,94322,947 13,252.03
TBF 2,649,405321,729402,971,17447,641 6,236.59
TLT 2,629,231200,8847,9432,838,058223,695 1,268.72
TBT 2,482,028107,9782,2002,592,206148,551 1,744.99
AMD 2,079,505188,628200,5152,468,647330,940 745.95
TVIX 2,024,540271,68710,5552,306,782263,475 875.52
EWZ 1,543,542478,05939,3812,060,982537,584 383.38

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.