Maker

An order that rests in the book and adds liquidity until someone trades against it.

In plain English

A limit order that does not fill immediately becomes a maker order. Many venues charge makers a lower fee than takers because resting orders are what make a market tradable.

Example

A limit buy placed below the current ask waits in the book; when a seller hits it, you were the maker.

Trading BasicsMarket Structure

See also

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