Order Placement and Modifications
What happens to your order after you place it?
In Iceberg Order lets you break a big order into smaller parts, called legs. This way, other traders don’t see your full order, which helps you avoid changing the price too much when buying or selling a large quantity.
Earlier, each order used to be sent as a separate order to the exchange based on the leg sliced, but with the Iceberg+, all legs of your sliced order are placed in the market simultaneously for quicker executions in one go.
This helps ensure:
Faster execution
You still retain the benefits of slicing, such as better fill probability in illiquid markets or large quantity orders.
We have explained in detail here: https://madefortrade.in/t/introducing-iceberg-plus-experience-fast-execution-for-large-orders/50740
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