Q. What are Maker and Taker?


  • ■ Q. What is Maker?

    It is an order that adds residual selling/buying quantity in the quote window. 

    It refers to ordering in the lower price than the quote upon sell limit order, or ordering in the higher price than the quote upon buy limit order. It makes liquidity abundant in the quote window by making orders that are not immediately settled.



     

    ■ Q. What is Taker? 

    It is an order that settles residual quantity accumulated in the quote window immediately.

    It refers to ordering in the same price as the quote that can be settled immediately during sell or buy limit order. Since it takes residual quantity through immediate settlement, it helps with smooth transactions.



     

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