CXE Maker Opportunity

Symbol	Missed Liquidity (Avg EUR / day)	Exhausted Liquidity (Avg EUR / day)	Routed Liquidity (Avg EUR / day)	Notional Opportunity (Avg EUR / day)	Cboe ADN (EUR)	Liquidity Opportunity (% of ADN)
MCp	1,447,307,186	16,821,032	400,800	1,464,529,018	12,105,518	12,098.03
ASMLa	414,386,335	133,125	0	414,519,460	142,895	290,086.75
AIRp	109,974,779	0	0	109,974,779	49,731	221,139.29
VODl	98,766,362	1,608,693	11,860	100,386,915	1,219,830	8,229.58
ORAp	82,483,147	244,993	0	82,728,139	235,507	35,127.68
ORPp	63,554,189	0	0	63,554,189	190	33,449,573.16
DANSKc	53,691,020	1,155,781	36,579	54,883,380	1,292,061	4,247.74
BMWd	41,452,701	3,396,870	856,233	45,705,804	19,602,786	233.16
AALl	33,764,746	9,364,721	89,928	43,219,395	1,939,486	2,228.39
VWSc	29,970,474	3,228,537	0	33,199,011	3,286,540	1,010.15
FPp	26,379,493	494,817	7,170	26,881,479	2,439,475	1,101.94
TSCOl	23,494,058	233,894	1,301	23,729,253	2,266,748	1,046.84
VOWd	23,311,960	0	0	23,311,960	0	n/a
HSBAl	21,934,125	520,936	0	22,455,061	2,432,697	923.05
BPl	20,343,517	174,155	0	20,517,672	2,085,698	983.73
KBCb	18,873,570	2,146	0	18,875,716	23,383	80,724.10
PATd	17,050,045	0	0	17,050,045	0	n/a
DSMa	14,846,853	1,325,993	622,714	16,795,559	8,365,354	200.78
YARo	16,177,766	11,367	0	16,189,133	52,363	30,917.12
MLp	15,320,693	3,751	0	15,324,444	1,604	955,389.28
BARCl	12,604,875	2,564,859	6,517	15,176,250	1,531,075	991.22
PHIAa	14,513,840	2,423	0	14,516,263	3,843	377,732.58
FLSc	13,640,929	91,331	0	13,732,260	3,187,426	430.83
HEIAa	7,370,158	5,356,944	561,211	13,288,314	6,752,604	196.79
AZNl	11,997,569	95,878	0	12,093,446	73,083	16,547.55

Data for 2020-01-17 to 2020-01-23 inclusive.

Missed Liquidity: This is a measure for the last week of the average daily notional value requested at a price equal or better than the EBBO where we had no liquidity.
Exhausted Liquidity: This is a measure for the last week of the average daily notional value requested at a price equal or better than the EBBO, which were partially filled.
Routed Liquidity: This number represents for the last week the average daily notional value on orders which were routed and filled on another venue or swept and filled on another book.
Notional Opportunity: This is a measure of the total average daily notional value of the missed, exhausted and routed liquidity.
Cboe ADN: Average Daily Notional value for the last week of shares matched on Cboe Europe for the security shown.
Liquidity Opportunity: Percentage of the ADN missed, exhausted or routed. The higher the percentage the larger the market making opportunity.