Iceberg Order

(redirected from Iceberg Orders)

Iceberg Order

An order to buy or sell a large amount of a security in smaller quantities. Iceberg orders are often executed using a computer program that executes each tranche in succession at certain time. Institutional investors may use iceberg orders so observers do not see the sudden increase in interest in a security, which would likely cause a fluctuation in price. The term comes from the observation of a tip of an iceberg above the water, which only reveals a small part of the full iceberg.
References in periodicals archive ?
Iceberg orders were previously only valid for one day; they will be valid for 360 days with Release 14.
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.