Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY12,604,4954,439,734414,47317,458,7025,483,519 318.39
VXX7,525,6561,313,75360,5088,899,9172,523,326 352.71
IWM3,439,5513,670,247104,7867,214,5843,798,332 189.94
QQQ4,357,5472,565,373155,2607,078,1802,419,443 292.55
DWT4,655,0851,768,74825,1886,449,022594,938 1,083.98
GLD4,561,4261,387,55230,9095,979,8871,018,977 586.85
UVXY4,696,9711,164,65315,4025,877,0271,172,357 501.30
UGAZ4,007,3091,657,5836,5205,671,4121,180,950 480.24
GDX3,427,1671,539,733286,2835,253,1835,394,464 97.38
UWT4,209,337990,77827,0165,227,131463,984 1,126.58
USO3,924,647906,0608,4184,839,125977,393 495.11
TLT2,150,7071,647,24995,8153,893,7701,177,176 330.77
UCO3,040,792628,7048,3183,677,814271,743 1,353.42
TVIX2,355,6011,065,22233,6953,454,5191,292,604 267.25
SPXU2,868,813492,1424,3653,365,320166,964 2,015.60
XOP1,761,9171,532,26528,2293,322,4113,564,861 93.20
SH3,056,306247,19810,9603,314,464192,664 1,720.33
SDS2,730,035448,6621,6073,180,304239,989 1,325.19
SLV2,650,540522,7054,3023,177,5481,665,776 190.75
FCEL786,1382,006,076315,0723,107,2852,586,392 120.14
SQQQ2,317,980541,19137,7602,896,931571,839 506.60
VIXY2,403,421464,8535,1942,873,468122,708 2,341.71
IVV2,199,788562,36425,1712,787,323355,373 784.34
TQQQ2,210,916538,85920,7032,770,477797,786 347.27
SCO2,200,813448,5982,2252,651,636181,003 1,464.97

Data for 2019-09-09 to 2019-09-13 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.