Cboe BZX U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
SPY 14,505,4576,069,045477,41621,051,9195,904,406 356.55
AMD 7,503,40911,553,955397,23319,454,59717,742,126 109.65
NIO 2,876,7708,908,525361,70212,146,9962,258,879 537.74
QQQ 5,231,6933,433,164160,1038,824,9603,993,139 221.00
VXX 3,552,6401,439,54845,9875,038,1753,966,728 127.01
GDX 2,700,4321,232,192139,6354,072,2595,412,873 75.23
SLM 338,9893,332,3702,6943,674,052195,683 1,877.55
MU 1,291,4122,282,51852,0633,625,9932,674,659 135.57
IWM 1,466,6711,783,232286,2703,536,1733,140,933 112.58
EEM 1,810,3141,210,028169,4303,189,7735,152,747 61.90
UVXY 2,342,029626,36558,2183,026,6121,813,253 166.92
AAPL 1,562,6351,306,49387,7712,956,8992,609,556 113.31
LDUR 2,917,00001402,917,14067 4,353,940.30
FXI 1,202,7141,307,589178,9712,689,2753,053,700 88.07
HMNY 1,660,160582,479105,3812,348,020571,810 410.63
UWT 1,923,209283,4624,6172,211,288183,378 1,205.86
NVTA 496,8521,600,3472,8132,100,012152,390 1,378.05
UCO 1,670,282398,5774,9752,073,834289,842 715.50
GDXJ 1,450,134585,84114,4482,050,4231,722,979 119.00
DGAZ 1,247,289630,11512,8871,890,292665,428 284.07
GLD 1,416,788450,77316,3351,883,896690,410 272.87
MSFT 1,023,809760,83634,9231,819,5672,235,534 81.39
FB 831,687907,19864,5201,803,4041,696,305 106.31
QCOM 822,070846,36447,5901,716,0241,434,511 119.62
VTL 681,014909,395122,6291,713,0381,372,570 124.81

Data for 2018-09-12 to 2018-09-18 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.