What is Iceberg Order?
"Iceberg order" is a type of order in which only a portion of the total order amount is displayed on the order book. Similar to an iceberg on the ocean, only a small part is visible above the water while most of it remains hidden below. With this method, you can display only a "visible amount" on the order book, while the hidden portion remains invisible to other traders.
How does Iceberg Order Work?
Display Amount : This is the amount that you want to show on the order book, where other traders can only see this portion.
Total Amount : This is the total amount you actually want to trade, including both the visible and hidden amount. Although the total amount is executed as a single order, the hidden portion will not be displayed on the order book.
Why do I Choose Iceberg Order?
Keep Your Trade Private : By hiding the full volume of your order, you prevent others from seeing how large it actually is, which can stop them from adjusting their strategies based on your order.
Reduce Market Impact : Showing only a small part of your order helps avoiding sharp price fluctuations.