Bats EDGA Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityBats ADVLiquidity Opportunity
(% of ADN)
UNG 21,285,832598,75439,57221,924,158213,935 10,248.05
PGX 17,479,921520,43511,42518,011,78232,506 55,410.64
USO 12,949,7962,656,60686,85015,693,252671,671 2,336.45
TZA 13,302,227373,64519,94813,695,820167,003 8,200.94
XLF 7,638,874320,916380,3448,340,1341,512,537 551.40
CWB 7,350,78131,7022,6307,385,11350,677 14,572.91
BAC 5,678,385707,544129,5356,515,4641,450,936 449.05
UCO 5,918,167391,27115,3756,324,813263,704 2,398.45
VXX 4,496,705969,318194,9825,661,0051,421,484 398.25
AMD 4,714,964510,939157,6685,383,571604,766 890.19
SPY 3,612,2821,191,808276,4965,080,5861,046,163 485.64
QQQ 4,108,693608,877111,5744,829,145649,141 743.93
IAU 4,067,161206,89248,2854,322,338197,193 2,191.93
VALE 3,783,681296,98112,5744,093,235569,827 718.33
DCTH 2,944,409534,920594,5884,073,917672,496 605.79
RAD 2,930,275780,872281,1643,992,311700,165 570.20
EWG 3,465,93138,09543,9553,547,98176,717 4,624.77
IWM 2,809,561206,115237,0523,252,728300,180 1,083.59
AEZS 1,990,617315,851889,8033,196,271601,594 531.30
LQD 2,979,805185,10612,8813,177,79264,555 4,922.61
EEM 2,258,632644,871250,2423,153,7451,187,923 265.48
EFA 2,586,981340,960149,8733,077,814418,317 735.76
NLY 2,443,771218,31687,0682,749,155452,287 607.83
ECA 2,393,867305,02915,2312,714,128394,701 687.64
UGAZ 2,534,181112,23347,9412,694,35594,109 2,863.02

Data for 2017-07-17 to 2017-07-21 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.
Bats ADV
Average Daily Volume for the last week of shares matched on Bats for the security shown.
Liquidity Opportunity
Percentage of the ADV missed, exhausted or routed. The higher the percentage the larger the market making opportunity.