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if someone bids 10000000 shares for mid, and I hit their bid, who provided the liquidity?

• siftrics 4y ago
  You can argue about this philosophically, but if you talk to literally anyone in the industry, they will understand that - "taking liquidity" is taking existing orders off the orderbook and - "making [liquidity]" is opening new orders that rest on the orderbook It's the terminology of the industry.
  • Galanwe 4y ago
    To add on your comment: I don't even think the philosophical discussion makes sense. At the end of the day, what counts as the truth is how much fees you pay when sending a limit order that immediately crosses. And the answer, for every single market on the planet, is "you pay taker fees". Period.
    • nuclearnice1 4y ago
      Most futures markets you pay both sides. Some equity venues are pay both sides. Others are “reverse” provider pays.
      • siftrics 4y ago
        Even in the markets that have fees on both sides, the maker fees are less than taker fees in almost all cases.
        • deleted 4y ago
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        • nuclearnice1 4y ago
          I don’t think that’s correct CME worlds largest futures exchange symmetrical fees https://www.cmegroup.com/company/files/cme-fee-schedule-2023-02-01.pdf https://www.cmegroup.com/company/files/cme-fee-schedule-2023...
  • deleted 4y ago
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