Cboe EDGA U.S. Equities Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityCboe ADVLiquidity Opportunity
(% of ADN)
IAU 14,624,454127,9545,55814,757,966179,509 8,221.30
CWB 11,423,44410,7291,06011,435,23315,538 73,595.27
USO 10,566,919337,29267,22010,971,431445,506 2,462.69
EEM 8,336,6001,366,22598,5639,801,3871,443,906 678.81
SPY 5,934,6461,094,4951,281,5068,310,6461,582,026 525.32
QQQ 6,566,200621,723211,1147,399,038711,807 1,039.47
NVCN 3,931,8761,169,77783,1655,184,817319,078 1,624.94
XLF 4,863,928222,23352,1785,138,338659,400 779.24
SHY 4,421,57346,1891,9574,469,71918,254 24,486.24
BAC 3,934,307243,83675,2494,253,392656,250 648.14
VXX 3,432,406500,971216,0684,149,445735,906 563.86
UVXY 3,260,809690,804144,1514,095,764529,622 773.34
SJNK 3,739,98877,0247,3473,824,35922,212 17,217.54
IPE 3,791,6450283,791,673343 1,105,444.02
VALE 3,490,201102,15398,0713,690,425332,823 1,108.83
VTIP 3,442,249156,2891,8273,600,36511,035 32,626.78
EFA 2,867,838551,58292,9663,512,386416,954 842.39
CHK 2,779,797605,780125,3183,510,895659,308 532.51
HMNY 2,878,758244,918225,5923,349,268203,200 1,648.26
QID 2,656,523138,34212,2802,807,144137,286 2,044.74
AMD 2,032,617476,291163,3252,672,233477,226 559.95
PBR 2,488,002119,96317,3112,625,276287,151 914.25
MU 2,079,539400,347130,3322,610,218661,399 394.65
EWZ 2,292,240274,44334,5012,601,184655,835 396.62
UGLD 2,473,90162,17602,536,07729,735 8,528.93

Data for 2018-05-15 to 2018-05-21 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.