Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 17,812,7737,598,765835,29026,246,8297,312,297 358.94
QQQ 7,687,4193,589,023287,14111,563,5824,386,148 263.64
VXX 8,872,3782,072,48866,05011,010,9164,038,340 272.66
IWM 2,944,3793,136,051237,1106,317,5403,198,081 197.54
FDC 1,140,9683,025,332282,7434,449,0423,220,536 138.15
SPXU 3,916,781435,99834,2894,387,067222,295 1,973.53
PCG 1,058,9413,017,034243,0584,319,0333,852,520 112.11
UVXY 3,927,658317,9186,5704,252,146407,815 1,042.67
SDS 3,726,893447,97210,5344,185,399326,880 1,280.41
UNG 2,886,1761,168,14922,1994,076,524609,158 669.21
UWT 3,132,772853,8977,9343,994,603450,779 886.16
IVV 3,386,407387,991145,5323,919,930365,965 1,071.12
VOO 3,198,950652,74760,4703,912,167433,000 903.50
UPRO 3,448,094421,90029,1143,899,108223,232 1,746.66
SPXL 3,308,461490,72338,7413,837,925285,608 1,343.77
UCO 2,627,6321,109,54710,2173,747,397455,778 822.20
DWT 3,079,359571,6236,0363,657,018249,605 1,465.12
SPXS 3,109,679416,43311,2713,537,383228,698 1,546.75
CZR 1,188,5712,336,6835,6483,530,903964,917 365.93
USO 2,620,464803,39512,1983,436,0581,497,641 229.43
BAC 1,588,9101,669,319101,0543,359,2835,492,226 61.16
MSFT 1,610,9221,650,86647,9833,309,7713,281,706 100.86
EEM 1,847,6991,211,225227,4033,286,3275,141,454 63.92
AMD 1,673,8941,113,39944,6542,831,9483,438,138 82.37
SSO 2,204,722242,73246,9422,494,396109,189 2,284.48

Data for 2019-01-14 to 2019-01-18 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.