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Strategies & Market Trends : Ride the Tiger with CD
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To: re3 who wrote (158169)5/12/2009 12:37:45 PM
From: Canuck Dave  Read Replies (1) of 312485
 
Iceberg means a big bid or ask masked as a smaller one like an iceberg is 7/8 invisible.

For a while, RBC offered it to retail clients. As an example, you could put in a sell order for 10,000 shares, but only have 500 offered on the order book.

As soon as those 500 go, another 500 automatically get offered, and so on. At no time is the true ask size visible to others.

CD
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