Hello
I was making some researchers on FX brokers, and I found that some brokers are offering to pay traders for executing limit orders. This is a small shift in the maker taker model where limit orders get a discount on the transaction fees.
here's a description of this model :
http://orderflowforex.com/2011/10/get-paid-for-limit-orders/Based on this description, the motivation for such a model are :
-attract market makers
-increase market liquidity
-get tighter bid/ask spread
-increase market depth
My question : is it possible to apply this model to the current bitcoin and altcoin exchanges ? where only market orders will pay a fee and this fee will be shared between the exchange and the trader who initiated the limit order. What are the implications ?
Thanks
