# Taker

By [gagasoke](https://paragraph.com/@gagasoke) · 2023-01-08

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A transaction in which an order is executed at an existing order lined up on the trading board (quote), thereby removing liquidity from the market, is called a taker.

A taker trade is executed by placing an order against the price posted by the maker on the board.

A market order is a taker order.

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*Originally published on [gagasoke](https://paragraph.com/@gagasoke/taker)*