Iceberg Order
A conditional order to buy or sell a large amount of assets in smaller foreordained amounts to disguise the total order quantity.
Features
- Traders can profit off iceberg orders by buying shares just over the price levels upheld by initial clusters of an iceberg orders.
- They are regularly positioned by large institutional investors to abstain from upsetting trading markets with a single, large order.
- Iceberg orders are large orders that are split up into parts or small measured limit orders. They are split up into noticeable and hidden parts, with the last option progressing to visibility after the former type of order is executed.
