[siftrics]

You can argue about this philosophically, but if you talk to literally anyone in the industry, they will understand that

- "taking liquidity" is taking existing orders off the orderbook and

- "making [liquidity]" is opening new orders that rest on the orderbook

It's the terminology of the industry.

[Galanwe]

To add on your comment: I don't even think the philosophical discussion makes sense.

At the end of the day, what counts as the truth is how much fees you pay when sending a limit order that immediately crosses.

And the answer, for every single market on the planet, is "you pay taker fees". Period.

[nuclearnice1]

Most futures markets you pay both sides.

Some equity venues are pay both sides. Others are “reverse” provider pays.

[siftrics]

Even in the markets that have fees on both sides, the maker fees are less than taker fees in almost all cases.

[nuclearnice1]

I don’t think that’s correct

CME worlds largest futures exchange symmetrical fees

https://www.cmegroup.com/company/files/cme-fee-schedule-2023...