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Icberg (MX)
An Iceberg Order hides part of the order size from the market. Only a small portion (the display size) is visible in the order book at any one time.
When the visible part is filled, the system automatically refreshes it with the next portion until the total order is completed.
Key Points
- Used to avoid revealing full order size
- Helps minimize market impact
- Visible size is set in the Iceberg display volume