How Does “Iceberg Order” Functionality Help Mitigate Slippage?
An Iceberg Order is a large order that is split into smaller, visible limit orders that are placed on the order book, with the rest of the order remaining hidden. As each small visible order is filled, a new small order is automatically placed.
This helps mitigate slippage by concealing the true size of the order, preventing other traders from front-running or moving the market against the large order.
Glossar
Iceberg Order
Display ⎊ The iceberg order is a specialized limit order that strategically manages the visibility of a large trading volume on the exchange's order book.
Iceberg Order Functionality
Mechanism ⎊ Iceberg order functionality is an advanced order type mechanism designed to execute a large volume trade without fully revealing the total quantity to the market.