Omega ATS proposes allowing "iceberg" orders

April 13, 2012

Earlier this month, Omega ATS announced the proposed introduction of "iceberg" orders to its trading platform. The new functionality would allow subscribers to enter the full quantity of a limit order, but only expose a fraction of the full order to the market book. Iceberg orders would refresh the fractional quantity selected to be made public until the full quantity of the order was completed. According to Omega, iceberg orders have become standard trading tools over the last decade. Comments on the proposed changes are being accepted until May 7.

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