ICEBERG ORDERS.......... What is the size of iceberg orders sitting on the ask for NFC? Are there any at all?
DECEMBER 14, 2005 (TORONTO) – TSX Venture Exchange today announced that Iceberg orders and voluntary attribution have been added as trading features to the marketplace. Rik Parkhill, President of TSX Markets said, “These enhancements are aimed at providing greater trading options for our market participants.” Linda Hohol, President of TSX Venture added, “The goal is to build liquidity for TSX Venture Exchange issuers and further add to a quality market for all investors.”
Iceberg orders allow market participants to "book" their entire order while only displaying a portion of the size in market information and trading terminal displays. A participant may enter a large order of tens of thousands of shares, but display a "disclosed" portion. Those disclosed shares will be displayed to traders and the public, but all shares, up to the entire balance, are eligible to trade at any time.