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To: Gottfried who wrote (9438)11/22/2004 2:06:49 PM
From: Sultan  Respond to of 13403
 
<OT>

Why not.. I assume this means, IB is allowing you to submit a large order which will be executed in small chunks.. Would n't big guys already have this at their disposal and if they can do it, why can't we ?



To: Gottfried who wrote (9438)11/22/2004 2:37:49 PM
From: Sam Citron  Read Replies (2) | Respond to of 13403
 
OT Hidden and iceberg orders should not be allowed

That's interesting, Gottfried. It doesn't surprise me in the least that the big boys do this all the time. Who would want to disclose their full hand in this poker game unless they have to? I think it's great that IB is at least levelling the playing field by offering such order types openly to all investors (though it is somewhat doubtful that small fry can benefit much).

But more to the point, why should an institution have to disclose that it is interested in dumping a million shares of a stock at a certain price? I don't know of any law requiring such disclosure, nor can I see any precedent for it.

Sam