# Taker

**Published by:** [gagasoke](https://paragraph.com/@gagasoke/)
**Published on:** 2023-01-08
**URL:** https://paragraph.com/@gagasoke/taker

## Content

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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