TraderFeed, and bzbtrader have been talking about how large orders are split into smaller orders. TraderFeed wrote:
In other words, if you were to simply look at trades and trade volume, you’d conclude that small traders were dominating the marketplace. The reality is, however, that large traders continue to hold sway, but have succeeded in disguising their presence.
This is not new, and in fact my broker supports it and calls it the iceberg order. I talked to some Investment Banking folks and they told the iceberg order is pretty run of the mill type stuff.
1 comment Wednesday, Sep. 5, 2007
by Christian
