Iceberg Order

Iceberg orders are a type of trading order where a large order is divided into smaller ones that are executed over time. This is done to prevent a single large order from causing a sudden price swing in the market. Traders use iceberg orders to hide the size of their order from the market and prevent other traders from front-running them. Trading bots can use this strategy by dividing a large order into smaller ones and submitting them to the market over time, without revealing the full size of the original order. By doing so, trading bots can avoid market impact and achieve a better average price for the order.