Bats EDGA Exchange Maker Opportunity

SymbolMissed LiquidityExhausted LiquidityRouted LiquidityVolume OpportunityBats ADVLiquidity Opportunity
(% of ADN)
UNG 63,417,2443,698,3512,41367,118,008485,621 13,821.07
DGAZ 47,206,6314,820,02822,64152,049,300757,965 6,866.98
IAU 36,477,942997,83328,90737,504,681221,079 16,964.38
BAC 34,110,2031,566,328148,05435,824,5852,692,578 1,330.49
GOVT 26,245,636590,5502,05626,838,24224,207 110,869.76
SHY 25,131,341200,9421,94525,334,22816,525 153,308.49
XLF 18,617,394526,771389,10819,533,2733,340,747 584.70
USO 14,484,5381,631,5986,22116,122,357814,060 1,980.49
VALE 9,531,249321,26893,8839,946,399937,840 1,060.56
SPY 7,192,0011,148,0561,307,2999,647,3571,351,432 713.86
VXX 8,444,598996,258198,2139,639,0691,445,115 667.01
F 7,354,754459,25265,9117,879,917992,564 793.90
CHK 7,128,271536,70722,1237,687,101968,111 794.03
LQD 7,439,111241,2871,5747,681,97299,741 7,701.92
DRYS 3,903,9402,499,732631,8517,035,523781,607 900.14
GE 6,351,416485,15892,6396,929,2141,048,301 660.99
AMD 6,062,470552,096127,4886,742,054989,273 681.52
GDX 5,564,719947,46282,7496,594,9312,518,227 261.89
RF 6,268,919274,19437,7136,580,827654,121 1,006.06
VALE.P 5,966,281150,55624,2576,141,093351,366 1,747.78
IWM 5,373,526480,733136,7325,990,991668,349 896.39
BBD 5,602,342219,72315,2555,837,320335,311 1,740.87
EEM 4,584,9311,157,93142,2765,785,1381,650,111 350.59
CSX 4,422,976624,806267,4135,315,1951,269,479 418.69
RAD 3,685,2641,307,053179,8375,172,1541,056,480 489.56

Data for 2017-01-17 to 2017-01-23 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.