Iceberg order – this is algorithmic order, which show only the part of his volume same as “Display size”. If remaining outstanding volume becomes less than “Display size”, Iceberg display all remaining volume.
This type of order is a good for the traders which want to open position of a big volume and hide the greater part of his position.
- Direction: Buy/Sell
- Limit price
- Total size
- Display size
- You place the iceberg order to buy 300 CRPT at a limit price 1 USDT and at a display size 100 CRPT.
- Then 100 CRPT of your position was filled, in the depth of market displays 100 CRPT of your remaining volume.
- After 100 CRPT of your position was filled again, depth of market showed 100 CRPT of your asset.
- Now 50 CRPT was filled and depth of market displaying remaining volume 50 CRPT.