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Medium · Market Microstructure · Quant Trader interview question · market-microstructure, maker-taker, inverted-fees, trading-fees
Consider a market where you can either place an order that sits on the order book (a maker order) or an order that immediately executes against an existing order (a taker order). How do the fees and rebates for maker and taker orders differ between a traditional maker-taker venue and an inverted fee venue?