Bats EDGA Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityBats ADVLiquidity Opportunity
(% of ADN)
UNG 14,120,6631,284,33418,61815,423,615298,514 5,166.80
SDRL 11,831,5691,585,5171,202,60114,619,687686,359 2,130.04
BKLN 12,017,399285,7915,59312,308,784111,114 11,077.62
USO 10,159,2061,202,55019,19811,380,954398,856 2,853.40
AMD 5,749,211571,444514,7326,835,388927,906 736.65
EEM 5,543,485766,27694,4276,404,1891,357,379 471.81
SPY 4,040,658970,323918,5665,929,5471,154,461 513.62
RAD 3,836,425702,862458,2554,997,542896,001 557.76
XLF 4,220,205227,893201,1744,649,2721,392,302 333.93
OIL 3,536,150428,8173,2293,968,196145,417 2,728.84
EFA 3,122,412414,87428,4463,565,731405,331 879.71
BAC 2,930,831355,75794,0903,380,6781,248,406 270.80
QQQ 2,525,559618,929132,8833,277,370665,352 492.58
VXX 2,395,610461,702207,4613,064,773612,738 500.18
VALE 2,540,998226,45817,6142,785,070698,936 398.47
ORCL 1,905,252680,885136,3432,722,481532,533 511.23
GDXJ 2,412,531250,9729,4512,672,954484,785 551.37
UGAZ 2,193,258340,093117,0122,650,363262,755 1,008.68
UCO 2,215,120218,2507,7152,441,085155,770 1,567.11
TBT 2,372,38152,7191,7122,426,81392,793 2,615.30
ECA 2,196,719168,6987,7382,373,155319,443 742.90
EZU 2,199,946130,03012,4962,342,471193,269 1,212.03
CHK 1,604,221674,44029,4522,308,113462,594 498.95
TLT 2,088,500189,35219,2212,297,072279,117 822.98
GDX 1,906,755246,40481,0462,234,2051,307,131 170.92

Data for 2017-09-15 to 2017-09-21 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.