BRVX Glossary · Market maker · Updated September 25, 2026
A market maker is a firm or trader that continuously quotes both a buy price (bid) and a sell price (ask) for an asset, standing ready to trade on either side. Market makers provide liquidity and earn the spread between the two prices while managing the inventory risk they take on.
How market makers earn
A market maker buys at the bid and sells at the ask. Across many trades the spread is their revenue; the risk is being left holding inventory when price moves sharply. Many venues pay makers a rebate or lower fee for resting orders.
Maker and taker
An order that rests on the book adds liquidity and is called a maker order; an order that trades against it removes liquidity and is a taker order. Exchanges often charge takers more than makers.
On BRVX
BRVX quotes every perpetual from its own price feed rather than a public order book, and trades are market orders. The fee rate is the same on opening and closing and on long and short — 0.1% each way on BTC/USDT, 0.05% on NVDA — with no maker and taker split.
Questions about Market maker
Are market makers bad for traders?
No. They narrow spreads and make trading cheaper, though they profit from the flow.
Do market makers manipulate prices?
Market makers are bound by market-abuse rules in most jurisdictions; manipulation is illegal.
What is a designated market maker?
A firm obliged by an exchange to keep quoting a specific security.
Market maker: next steps on BRVX
Market maker on MSFT/USDT: market orders with TP / SL triggers only, 0.05% per side, 0.1% a round trip, up to 100x.
Read next: Liquidity, Bid-ask spread and Order book.
Leverage works both ways: a small move against you can lose you the whole margin.
Open MSFT/USDT in the app
Open appLeverage raises both gains and losses. Start with a size you are comfortable with. Not available to US persons.