Decoded Intelligence Signal
Iceberg Order
advanced
market_structure
Verified: May 27, 2026Lexicon Core Definition
A large order displayed in small tranches on the order book with a hidden reserve quantity; as each visible tranche is executed, the next automatically appears at the same price; used by large participants to minimize market impact and conceal order size.
Analysis Breakdown
A large order displayed in small tranches on the order book with a hidden reserve quantity; as each visible tranche is executed, the next automatically appears at the same price; used by large participants to minimize market impact and conceal order size. Full explanation coming soon when Journey 24 content is ingested.