Order Types
Iceberg Order
Definition
What is Iceberg Order?
A large order that displays only a small visible portion at a time.
Example in practice
How This Looks in Practice
A 500,000-share sell order shows only 10,000 shares in the book.
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Related Terms
Order Types
Market Order
An instruction to buy or sell immediately at the best available prices.
Order TypesLimit Order
An instruction to trade only at a specified price or better.
Order TypesStop Order
An order that becomes active after a specified trigger price is reached.
Market DataOpen Price
The first official or regular-session traded price for a period.