Iceberg Order

A large single order that has been divided into smaller lots, usually by the use of an automated program, for the purpose of hiding the actual order quantity.

When large participants, such as institutional investors, need to buy and sell large amounts of securities for their portfolios, they can divide their large orders into smaller parts so that the public sees only a small portion of the order at a time—just as the 'tip of the iceberg' is the only visible portion of a huge mass of ice. By hiding its large size, the iceberg order reduces the price movements caused by substantial changes in a stock's supply and demand.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Iceberg-Order — Als Iceberg Order bezeichnet man einen limitierten Kauf oder Verkaufsauftrag an einer Computerbörse, bei dem das tatsächliche Volumen im offenen Orderbuch nicht ersichtlich ist, sondern nur ein kleiner Teil (engl.: peak = Spitze) davon. Besonders …   Deutsch Wikipedia

  • Iceberg Order — Als Iceberg Order bezeichnet man einen limitierten Kauf oder Verkaufsauftrag an einer Computerbörse, bei dem das tatsächliche Volumen im offenen Orderbuch nicht ersichtlich ist, sondern nur ein kleiner Teil (engl.: peak = Spitze) davon. Besonders …   Deutsch Wikipedia

  • Iceberg — steht für Iceberg (Modemarke), eine italienische Modemarke Iceberg Order, Vorgang an der Computerbörse Iceberg Slim (1918–1992), Zuhälter und Schriftsteller Iceberg Theory literarische Schreibtheorie Iceberg (Veranstaltung), Party in Wien… …   Deutsch Wikipedia

  • Order (exchange) — An order in a market such as a stock market, bond market, commodity market or financial derivative market is an instruction from customers to brokers to buy or sell on the exchange. These instructions can be simple or complicated. There are some… …   Wikipedia

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  • iceberg — /uys berrg/, n. 1. a large floating mass of ice, detached from a glacier and carried out to sea. 2. Informal. an emotionally cold person. 3. Australian Informal. a person who swims or surfs regularly in winter. 4. tip of the iceberg, the first… …   Universalium

  • Iceberg — An iceberg is a large piece of freshwater ice that has broken off from a snow formed glacier or ice shelf and is floating in open water. [ [http://www.google.com/search?hl=en q=define%3Aiceberg btnG=Google+Search Numerous definitions of the word… …   Wikipedia

  • Norman Iceberg — (born Norman Joseph Bédard on July 30, 1962) is a Canadian singer and songwriter. A graphic artist turned performance artist, Norman Iceberg emerged from the Montreal underground music scene in the early 80s. One of a handful of cross gender new… …   Wikipedia

  • Dark liquidity — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Limitkontrollsystem — Im Orderbuch sammelt der Makler die Kauf und Verkaufsaufträge für ein bestimmtes Wertpapier. Aufgrund dieser „Order“ legt er dann seine Kurse fest. Es gibt verschiedene Formen des Orderbuchs. Das offene Orderbuch ist für alle Handelsteilnehmer… …   Deutsch Wikipedia

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