Bats EDGA Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityBats ADVLiquidity Opportunity
(% of ADN)
UNG 43,172,2352,761,1313,43545,936,801357,485 12,849.99
XLF 23,551,473658,949258,41824,468,8392,873,962 851.40
SPY 14,376,3383,344,5131,705,92119,426,7722,167,840 896.13
BAC 13,793,1911,695,287212,33315,700,8113,492,808 449.52
TZA 13,325,690264,29914,08413,604,074208,850 6,513.80
GOVT 12,364,385331,04910,98412,706,41814,869 85,455.77
VXX 9,758,962677,277288,77210,725,0111,632,388 657.01
IAU 9,382,133357,8761,2599,741,268101,735 9,575.14
F 6,040,130736,58797,9316,874,6471,419,522 484.29
LQD 6,605,303227,7646,5196,839,58689,070 7,678.89
EEM 5,497,2321,033,316103,6026,634,1501,954,473 339.43
MU 5,406,212491,141307,2436,204,596846,499 732.97
GDX 5,355,269579,64566,1746,001,0881,579,087 380.04
AMD 5,389,819444,532117,3985,951,749800,270 743.72
VALE 5,531,166269,00537,8695,838,039862,922 676.54
IWM 4,729,813479,217261,8125,470,842593,768 921.38
FTR 3,928,613779,341311,5535,019,5081,286,641 390.12
UVXY 4,604,738341,20760,6045,006,549835,128 599.49
JNUG 4,775,066206,81120,5515,002,429903,172 553.87
USO 2,681,2412,241,2686,6464,929,155554,453 889.01
CWB 4,678,61723,9121554,702,6847,250 64,864.61
GDXJ 4,199,121396,03962,9424,658,102415,650 1,120.68
PBR 4,135,370295,73315,4994,446,602628,856 707.09
EFA 3,867,880547,84811,6934,427,422793,964 557.64
QQQ 3,767,393463,882164,5624,395,836648,052 678.32

Data for 2017-03-22 to 2017-03-28 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.