A tranquil body of water conceals numerous small limit orders merging to form an iceberg order, symbolizing institutional discretion and market neutrality

Understanding Iceberg Orders: A Hidden Strategy for Institutional Investors in the Financial Markets

What is an Iceberg Order? An iceberg order is a large institutional investment order, typically comprising several hundred thousand or even millions of shares, which is intentionally broken down into multiple smaller limit orders. This technique allows large institutional investors to execute their trades without significantly influencing the market price.

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