Cboe EDGA U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
USO 255,762,9242,471,232126,888258,361,0441,147,796 22,509.32
PSQ 180,933,149331,4907,515181,272,15584,423 214,718.92
IAU 91,579,112415,42944,86592,039,406303,077 30,368.32
EEM 86,419,0632,771,463121,30389,311,8293,675,135 2,430.16
SHY 70,809,247346,2331,36771,156,847114,086 62,371.23
SPY 59,401,5827,038,1822,765,25369,205,0182,344,997 2,951.18
EWA 62,124,396234,5312,78262,361,70999,726 62,533.05
PGX 56,919,2641,499,43130,31058,449,00444,309 131,912.26
GLDM 53,645,353293,060053,938,41319,612 275,027.60
SCHO 52,345,842107,06173052,453,63224,782 211,660.20
XLF 45,338,550907,46490,88846,336,9022,704,578 1,713.28
PFF 35,496,135281,25855,19435,832,58746,507 77,047.73
UCO 31,185,870505,99013,21031,705,070129,905 24,406.35
BNO 29,745,104298,8134,01330,047,93140,885 73,493.78
VXX 28,450,626949,306561,12729,961,059902,149 3,321.08
DWT 27,544,868559,0709,81728,113,755123,110 22,836.29
TZA 26,932,080106,47958,04727,096,605140,042 19,348.91
EFA 24,636,679928,83380,61225,646,1241,778,552 1,441.97
QQQ 21,204,4982,277,890629,70124,112,0901,245,249 1,936.33
PGF 21,935,780262,2744,45222,202,50619,501 113,853.17
UWT 21,228,738405,97229,53221,664,243120,054 18,045.42
BAC 20,441,081409,813136,80220,987,6961,644,965 1,275.87
RJI 18,478,821223,8061,51618,704,14311,252 166,229.50
SDS 17,781,835533,69299,61418,415,14175,164 24,499.95
SPXS 16,603,597444,17370,43517,118,20575,118 22,788.42

Data for 2018-11-30 to 2018-12-07 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.