What Is Maker?
A trader whose limit order adds liquidity to the order book and waits to be filled. Exchanges charge makers lower fees than takers, and sometimes pay rebates, because resting orders make markets deeper.
Related Terms
- Taker A trader whose order removes liquidity by filling against existing orders, typically via market orders.
- Limit Order An order to buy or sell at a specified price or better.
- Order Book The live list of all outstanding buy orders, called bids, and sell orders, called asks, for a market.
Where You Will Meet This Term
You will run into maker constantly on any futures exchange, from the order panel to the position dashboard. If you are still building your foundation, our guides on leverage, liquidation and risk management connect the vocabulary into an actual trading process, and the full glossary covers every other term you will encounter.