Hidden Island Orders

[stocktrader]

"I use TWS, wondering whether IB offers this order through TWS? Thanks!"

Go to

http://www.interactivebrokers.com/index.html

Then RESOURCES > Order Info > Hidden

 

[Hurricane]

When using an iceberg order, is the true size of your order hidden from only from the market place? That is, the specialist knows the true size. Or is the order maintained in IB's system and only fed as necessary?

 

[sprstpd]

Quote from Hurricane:

When using an iceberg order, is the true size of your order hidden from only from the market place? That is, the specialist knows the true size. Or is the order maintained in IB's system and only fed as necessary?

I believe iceberg orders are only routed to ECNs so no one will know your true size.

 

[XoomSupport]

Quote from stocktrader:

Which brokers offer these type of orders

We offer hidden Island Orders on our Direx Platinum Software. You can also overcut/undercut your orders by .01 & .001

Best Regards,

XoomTrade Support
www.xoomtrade.com
email: support@xoomtrade.com

 

[dafugginman]

i find them very helpful. nothing annoys me more about OTC stocks than getting pennied all friggin day long and the whole lack of size shown. no idea where they get the argument that they're market is more transparent. anyway, to ease the annoyance of the pennying, i frequently use hidden isld orders when trading after hours.