Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY17,100,3846,855,699327,15524,283,2387,836,852 309.86
NIO7,720,3928,278,6731,829,94617,829,01117,683,411 100.82
VXX9,879,1492,134,73341,55812,055,4403,053,507 394.81
QQQ8,181,1612,838,153122,87911,142,1924,428,412 251.61
SQQQ9,106,2261,364,65635,84410,506,7266,672,664 157.46
UPRO8,664,6111,352,7467,98910,025,345679,941 1,474.44
SPXL8,215,0511,544,8853,2329,763,1671,070,588 911.94
SPXU7,762,9211,063,52811,2838,837,7323,573,842 247.29
UVXY6,109,5962,020,46633,1128,163,1742,077,696 392.90
TQQQ5,803,1791,348,01634,9727,186,1672,541,703 282.73
SPXS6,457,468715,7304,6167,177,8152,998,352 239.39
SDS6,033,1761,028,0584,4887,065,7231,439,152 490.96
TOPS2,474,8883,521,774455,1976,451,8594,686,807 137.66
IWM2,973,4952,318,88766,4005,358,7823,537,927 151.47
VOO3,365,133912,1676,1104,283,410262,985 1,628.77
SH3,663,606454,6154,4004,122,6211,319,506 312.44
IVV3,252,281726,54316,2673,995,091324,539 1,231.00
SSO3,402,678533,9168923,937,486200,509 1,963.75
XLF3,038,615815,96281,6643,936,2417,448,306 52.85
ZOM1,188,2812,437,109234,3863,859,7762,317,448 166.55
SVXY3,384,251427,0601,3223,812,633378,344 1,007.72
GDX1,832,6641,716,27282,7893,631,7252,776,904 130.78
TZA3,094,802532,6804,1103,631,5922,701,460 134.43
QID2,973,819653,9793,2123,631,0101,646,446 220.54
TNA2,496,504722,19011,0453,229,7391,741,931 185.41

Data for 2020-07-07 to 2020-07-13 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.