Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 10,795,0675,041,809522,80416,359,6805,069,140 322.73
VXX 3,963,0001,996,15955,6086,014,7673,369,914 178.48
QQQ 3,481,5492,180,368175,1035,837,0202,461,012 237.18
UVXY 2,784,5561,515,05722,5604,322,1731,501,728 287.81
UCO 3,128,455789,99614,2523,932,703505,716 777.65
MU 1,664,1431,589,584105,8043,359,5303,295,090 101.96
XLF 1,627,149880,197210,6352,717,9813,432,927 79.17
EEM 1,795,504791,12371,8962,658,5232,950,136 90.12
IWM 1,166,9451,261,648165,1882,593,7812,038,790 127.22
NVCN 723,3231,190,158429,5642,343,0451,138,780 205.75
M 766,6901,479,99382,1822,328,8651,292,805 180.14
CHK 956,4011,289,24840,9172,286,5664,806,760 47.57
AMD 1,102,796987,92920,9652,111,6893,393,683 62.22
QCOM 799,2281,203,03712,2032,014,467791,666 254.46
EWZ 1,189,945700,06616,2951,906,3072,370,058 80.43
XLI 522,5341,268,57516,3801,807,4891,003,966 180.03
AMAT 769,199932,67138,1031,739,9731,533,934 113.43
USO 1,308,714420,1509801,729,844997,175 173.47
UWT 1,435,164238,4552,5801,676,199182,811 916.90
XOP 657,202947,34724,2981,628,8471,950,964 83.49
XLE 565,985978,38156,9421,601,3081,674,135 95.65
JPM 531,0791,042,82417,1651,591,068836,128 190.29
V 207,9171,335,2477,6961,550,860411,831 376.58
CSCO 774,625665,79877,5701,517,9921,838,713 82.56
HMNY 574,214886,90447,2641,508,382346,361 435.49

Data for 2018-05-16 to 2018-05-22 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.