Tutorial: Taker Order

Taker Order

What is a Taker order? [WIP]

📖 Definition

A Taker order is an order that executes instantly

A Taker order closes or modifies an existing order in the Algodex Orderbook

🤔 Condition

There is at least one existing order in the orderbook that fulfills the user's criteria therefore they "take" from an existing order

🚶 Walkthrough

The user submitted order changes the state of the Orderbook in 1 of 3 ways:

  1. The User does not "take" the entire order so the order remains open with a modified amount
  2. The User takes the entire order removing it from the orderbook
  3. The User takes multiple orders, removing them from the orderbook
Related Concepts: Maker || Orderbook || Placing an Order