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Markets: Market Structure

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Market Structure

Mar 21, 2026

What Are Maker vs Taker Fees?

Learn what maker vs taker fees are, how exchanges use rebates and access fees, and why they matter for liquidity, routing, spreads, and execution quality.

25 min read

Market Structure

Mar 21, 2026

What is Depth of Market?

Learn what Depth of Market is, how DOM reflects visible order-book liquidity, and why it matters for execution, price impact, and market structure.

23 min read

Market Structure

Mar 21, 2026

What is a Dutch Auction?

Learn what a Dutch auction is, how descending-price and uniform-price variants work, why markets use them, and where their tradeoffs matter.

26 min read

Market Structure

Mar 21, 2026

What Is Bid and Ask?

Learn what bid and ask mean in markets, why there are two prices, how spreads work, and how bids and asks shape liquidity and execution quality.

23 min read

Market Structure

Mar 21, 2026

What is Best Bid and Offer (BBO)?

Learn what Best Bid and Offer (BBO) means, how it differs from NBBO, how it is formed, and why it matters for prices, spreads, and order routing.

25 min read

Market Structure

Mar 21, 2026

What is OTC Trading?

Learn what OTC trading is, why markets use it, how prices are negotiated off exchange, and the tradeoffs versus public order books.

25 min read

Market Structure

Mar 21, 2026

What Is Arbitrage?

Learn what arbitrage is, how it works across markets and blockchains, and why it enforces price consistency despite fees, latency, and risk.

27 min read