Cboe EDGA U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 31,857,5193,658,0341,253,21036,768,7632,394,407 1,535.61
QQQ 13,890,4531,300,627747,94515,939,025928,719 1,716.24
EEM 13,227,4921,963,064135,68615,326,2422,311,814 662.95
UVXY 10,583,6081,047,325123,38911,754,322428,758 2,741.48
XLF 9,298,300363,838102,2819,764,4191,447,142 674.74
VXX 7,939,7941,182,094263,4629,385,351609,967 1,538.67
BKLN 8,700,04717,20114,5878,731,83557,015 15,314.98
BOIL 7,182,189198,7771,1387,382,10430,048 24,567.71
TVIX 6,075,612674,007102,3956,852,014423,495 1,617.97
SVXY 5,626,927688,06537,8346,352,826272,086 2,334.86
BAC 5,825,159239,702109,0586,173,919969,661 636.71
GBIL 6,031,22478606,032,010945 638,307.94
EFA 4,446,1581,450,44149,7675,946,366939,117 633.19
SCHO 5,838,84110,7407005,850,2811,407 415,798.22
LQD 5,480,950128,2412,6545,611,845147,858 3,795.43
GOVT 5,023,561124,2827,5505,155,39318,454 27,936.45
VALE 4,751,748256,54916,2845,024,581580,081 866.19
SPXS 4,252,529291,1459,6934,553,36689,688 5,076.90
GE 4,052,691399,04775,6374,527,3741,028,402 440.23
SQQQ 3,807,811539,25226,2864,373,349328,508 1,331.28
GDX 3,477,796251,69947,2973,776,792729,729 517.56
USO 3,285,578470,92810,2933,766,799424,890 886.54
SPXL 3,195,719243,88613,5803,453,18581,762 4,223.46
QID 2,969,949356,60815,2163,341,772126,773 2,636.03
IPE 3,306,7824,480773,311,339457 724,581.84

Data for 2018-02-16 to 2018-02-23 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.