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.
CBX ASIA members now have access to hidden and iceberg orders for trading Japanese stocks on the platform.