Hidden Orders execution quality

T

tonyf

I am new to hidden orders - nearly all my trading so far has been with icebergs.

I am wonder if hidden orders benefit of same execution quality as visible orders?
 
Yeah, that's a whole science and I don't have much experience with illiquid stocks. I suggest you look at posts done by @d08. My understanding he is using different algos provided by IB. I think you need to look into Dark Pools, not hidden orders. Sizeable hidden orders are not good at hiding just like icebergs :)
 
qlai said:
Yeah, that's a whole science and I don't have much experience with illiquid stocks. I suggest you look at posts done by @d08. My understanding he is using different algos provided by IB. I think you need to look into Dark Pools, not hidden orders. Sizeable hidden orders are not good at hiding just like icebergs :)
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Thank you. Cant find @d08. Are you sure about their name?
 
Are you restricted to IB? If so, I suggest you break your order in equal chunks and try using different IB algos side by side. If you can't break your order, then just have to play around with IB algos. I don't know what specific info you are looking for, but results will depend on many variables.
 
qlai said:
Are you restricted to IB? If so, I suggest you break your order in equal chunks and try using different IB algos side by side. If you can't break your order, then just have to play around with IB algos. I don't know what specific info you are looking for, but results will depend on many variables.
More...
Very interesting. I have been reading your previous posts on this matter. Ok to PM you?
 
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