Maker-Taker vs. Inverted Fee Structures - Quant Trader Interview Question
Difficulty: Medium
Category: Market Microstructure
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Topics: market-microstructure, maker-taker, inverted-fees, trading-fees
Problem Description
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?
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