Maker, Chinese means pending order
It means that the trader hangs out a certain number and price of orders, but there is no matching order in the market, then the order will remain on the exchange's market, waiting for other users to deal with it. It is equivalent to providing liquidity to the entire market, so it is called a “pending order”.
Taker, Chinese means to take the order
It means that the trader takes the initiative to place a certain number of orders by checking the price of the existing orders in the depth table of the exchange, and immediately deals with the existing orders.
If the number of unilateral entrusted orders is greater than the number of entrusted orders of the pending party, if the trader is entrusted with a limit price and there is no withdrawal, the new entrusted order will be placed on the market as a pending order, and will continue to wait for the transaction. Will become a pending party.
The English manuscripts are all translations of Chinese manuscripts. All of them are subject to the Chinese version. Thank you.