iceberg, page-4

Is the same as a U buyer...


Iceberg Orders will provide for large limit orders where
only a portion (the displayed volume) of the total order
volume will be shown and immediately executable. The
displayed volume acts as a limit order in terms of price/
time priority execution. Once the displayed volume
has been executed, another displayed portion will be
replenished from the hidden part of the order and will
appear at the bottom of the time queue at its specified
price. The order cycles through until the total volume is
executed.