An iceberg order
is generated by an algorithm, which slices the order into smaller orders and only submits one slice to the trading platform at a time.
Singapore, Jan 3, 2012 - (ACN Newswire) - Singapore Exchange (SGX) is consulting the public on its proposal to remove the engine-level iceberg order functionality in the securities and derivatives markets.
The iceberg order functionality is utilised primarily by investors who trade largequantities.
An iceberg order
refers to a type of order where only a small part of the order book volume is visible, in order to avoid major price movements.
TOKYO -- Instinet, a global leader in electronic trading and agency-only brokerage, today announced that its Instinet Japan Limited subsidiary has added hidden and iceberg order
types to CBX ASIA([TM]) in Japan, previously a fully displayed trading venue.
Agency-only brokerage adds additional VWAP cross to JapanCrossing and Iceberg order
type to CBX ASIA
Non-displayed orders will execute only after all TSX/TSXV visible and iceberg orders
at the same price have been executed, ensuring that the quality of the visible market is maintained.
Synthetic iceberg orders
on CQG rely on server-side technology to place iceberg-style orders while monitoring the order book to recognize and react to favorable market conditions that last only a millisecond.
CBX ASIA members now have access to hidden and iceberg orders
for trading Japanese stocks on the platform.
In addition to standard order types such as Market, Limit, Stops, Hidden and Iceberg Orders
, Currenex's Conditional Orders have been added to allow traders to define separate orders that are linked to each other and set to react based on predefined parameters.