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.