Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY49,945,87637,745,8471,124,16788,815,89018,658,680 476.00
SPXU31,801,3136,784,60584,29438,670,2123,042,616 1,270.95
SPXL25,038,6585,473,14950,99930,562,8052,579,174 1,184.98
SPXS25,050,1345,132,54091,57730,274,2513,433,497 881.73
SDS20,971,7364,410,29119,78325,401,8102,414,082 1,052.23
SQQQ20,005,8994,448,72294,91724,549,5374,301,456 570.73
TQQQ18,460,7965,652,52281,92024,195,2383,967,072 609.90
UPRO19,675,3273,428,33346,00523,149,6651,663,767 1,391.40
WTIU21,496,850684,629160,93722,342,416813,368 2,746.90
QQQ15,249,5434,921,653197,80920,369,0055,528,312 368.45
IWM7,310,9216,516,763138,10113,965,7857,045,031 198.24
SH11,755,5141,871,36247,70413,674,5813,660,727 373.55
USO7,924,0282,168,73884,00310,176,76911,513,920 88.39
UCO7,350,3462,294,56686,7349,731,6464,870,882 199.79
QID6,469,0343,117,6003,1319,589,7651,076,461 890.86
CCL3,762,9554,327,364546,6958,637,0148,457,241 102.13
VXX6,734,2111,275,295244,0968,253,6022,556,508 322.85
IVV6,018,4091,981,26753,4988,053,174875,535 919.80
VOO6,057,9971,655,78316,5787,730,359703,584 1,098.71
TRNX2,244,0645,444,42923,6157,712,1081,723,941 447.35
LK2,853,9994,057,029659,2037,570,2313,347,778 226.13
SPLG6,579,447968,79414,3357,562,575838,082 902.37
XOM2,271,3963,835,47296,6116,203,4805,460,023 113.62
UWT2,558,0083,461,043146,9656,166,0156,466,455 95.35
VCIT4,600,6661,339,5734,0075,944,246155,555 3,821.31

Data for 2020-04-01 to 2020-04-07 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.