Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 25,357,01610,776,530877,52037,011,0668,487,195 436.08
QQQ 18,016,41310,505,401495,73829,017,5527,446,467 389.68
VXX 10,540,6012,967,133170,50513,678,2395,553,505 246.30
SPXU 7,980,9671,386,25212,2529,379,470503,204 1,863.95
UPRO 5,939,3131,171,36337,5327,148,209737,027 969.87
SDS 6,117,479646,83322,7056,787,018670,087 1,012.86
MSFT 2,633,4833,535,12171,6786,240,2834,298,064 145.19
SPXS 5,104,232457,8296,3735,568,434447,768 1,243.60
UVXY 4,726,114782,46811,6315,520,214823,428 670.39
GE 2,192,5202,606,919118,0744,917,5136,538,014 75.21
IWM 2,707,7741,801,410347,6354,856,8203,511,454 138.31
AMD 2,490,8942,022,11256,9364,569,9424,979,907 91.77
UCO 3,181,4841,329,92913,8614,525,273610,058 741.78
DWT 3,262,2181,241,1014,2854,507,604457,168 985.98
IFLY 4,410,5681,10004,411,668200 2,205,834.00
USO 3,363,225848,38318,8594,230,4672,043,436 207.03
IVV 3,349,144488,480146,8073,984,431455,808 874.15
VOO 3,153,913765,38519,3193,938,617312,439 1,260.60
SCO 2,553,8471,365,3212,6713,921,839454,029 863.79
EEM 2,298,475996,557152,3763,447,4084,152,346 83.02
DGAZ 2,336,4701,042,56541,6003,420,634911,233 375.39
UNG 2,339,3181,007,61555,6143,402,547760,460 447.43
UWT 2,637,445741,78110,7323,389,959440,965 768.76
XLF 2,060,043892,77392,3103,045,1264,751,073 64.09
XOP 1,252,0101,630,78434,5342,917,3272,907,990 100.32

Data for 2018-11-07 to 2018-11-13 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.