Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 23,903,9258,989,1801,041,88633,934,9908,108,005 418.54
VXX 16,400,5272,752,926132,92319,286,3765,661,752 340.64
QQQ 8,130,4833,948,160470,92212,549,5644,856,441 258.41
SVXY 9,303,174760,4603,71610,067,350312,703 3,219.46
UVXY 7,403,3351,168,84016,0478,588,2221,393,253 616.42
TVIX 5,428,6451,968,42072,4267,469,4911,809,287 412.84
VIXY 6,851,253418,3983,4327,273,083119,363 6,093.25
SPXU 4,974,8651,291,28415,4616,281,610930,673 674.95
UPRO 5,020,864826,83331,4565,879,152725,930 809.88
SPXL 4,331,380903,75551,2495,286,385731,470 722.71
VOO 3,741,656798,57251,2604,591,488333,194 1,378.02
IVV 3,749,700579,074155,2174,483,990352,148 1,273.33
IWM 2,208,9521,929,870125,7784,264,5992,359,373 180.75
SPXS 3,282,750950,80111,2934,244,8441,276,695 332.49
TQQQ 3,007,884850,28741,7803,899,9501,250,164 311.96
AMD 2,403,6931,437,52442,2933,883,5114,984,103 77.92
UWT 3,010,585828,4189,7153,848,718297,659 1,293.00
SDS 3,078,307531,70017,4603,627,467331,729 1,093.50
EEM 2,129,5431,141,224183,2773,454,0454,888,422 70.66
USO 2,527,996705,2981,3803,234,6741,013,364 319.20
DWT 2,084,1361,009,1961,9463,095,278340,854 908.09
UCO 2,359,152664,6853,8233,027,660249,373 1,214.11
XLF 2,195,451615,61952,4392,863,5093,589,934 79.76
HK 1,640,259728,205384,1352,752,599407,590 675.34
SSO 2,279,265263,12546,9472,589,336102,345 2,530.01

Data for 2019-05-13 to 2019-05-17 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.