Cboe BYX U.S. Equities Exchange Maker Opportunity

Symbol	Missed Liquidity	Exhausted Liquidity	Routed Liquidity	Volume Opportunity	Cboe ADV	Liquidity Opportunity (% of ADN)
PSQ	195,558,179	1,003,221	80	196,561,480	109,114	180,143.23
SH	174,871,722	890,764	9,014	175,771,500	633,759	27,734.75
UCO	115,932,416	1,802,965	45,647	117,781,027	3,851,727	3,057.88
SQQQ	108,964,836	2,035,512	110,302	111,110,649	784,222	14,168.26
EEM	89,155,299	3,379,323	17,198	92,551,820	4,307,708	2,148.52
SPXS	74,582,331	678,962	93,908	75,355,201	365,019	20,644.19
BNO	69,388,410	777,494	590	70,166,494	157,705	44,492.24
IEI	62,682,806	1,078,399	3,681	63,764,887	101,041	63,107.93
USO	53,296,104	2,818,445	122,709	56,237,258	14,022,695	401.04
SPY	40,756,321	6,975,136	344,559	48,076,016	3,676,865	1,307.53
VCIT	46,445,859	1,084,131	2,291	47,532,282	75,232	63,180.94
SPXU	45,212,416	1,003,133	49,585	46,265,134	273,067	16,942.78
SPLG	44,480,178	173,936	320	44,654,434	73,592	60,678.38
VGIT	43,890,399	95,314	400	43,986,113	20,631	213,203.98
QID	40,895,300	1,069,015	23,228	41,987,544	162,254	25,877.66
TQQQ	36,115,012	1,707,155	58,098	37,880,266	442,923	8,552.34
SDS	36,452,974	881,441	32,567	37,366,981	338,914	11,025.51
SPXL	35,920,377	508,070	29,970	36,458,417	213,324	17,090.63
UPRO	33,513,183	396,572	21,308	33,931,064	207,550	16,348.38
XLF	32,542,480	527,694	14,840	33,085,015	3,881,624	852.35
PFF	28,611,283	1,239,493	77,908	29,928,684	165,507	18,083.03
SPTI	27,595,040	18,045	1,352	27,614,437	15,318	180,274.43
QQQ	23,677,923	2,167,288	62,547	25,907,758	1,419,024	1,825.74
GOVT	24,895,025	1,009,770	382	25,905,177	104,706	24,740.87
EFA	22,558,108	1,536,616	24,491	24,119,215	1,499,229	1,608.77

Data for 2020-04-01 to 2020-04-07 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.