Post
Topic
Board Trading Discussion
Re: Should there be a fee when placing bids\asks on mtgox?
by
Iceredwing
on 22/05/2011, 12:12:29 UTC
How do other world systems work with bid and ask spreads? ie stocks, currency spreads on world markets? Are there fees involved?

In most markets, it is free to create a buy or sell order (and it's free to cancel the order).  There is usually a fee/commission only if the trade is actually executed.  This is the way it already is on Mt. Gox.  If there were a fee to create orders, this would reduce volume and liquidity in the market.  We want more volume!

I don't think there should be a fee to place or cancel orders.  There should only be a fee when a trade is executed (as it is now).

I agree that the orders and their volumes would go down if there is fee to even place orders. At current state, I would definitely not want the exchange to make such change. In fact, I think the MtGox fees are already way high as it is.