Island invisible
The goal of this order is to hide the parameters of the order (quantity and price) from other participants on the market and to complete a purchase or sale. Such an order is primarily used for a large volume order involving a title with relatively low liquidity.
These orders keep your goals secret on the market.
Example of use:
An investor wants to buy or sell a larger quantity of securities, which are markedly above the regular bids and offers for the given title. Thanks to this order, the investor can respond rapidly to sudden changes on the market using a larger order and the likelihood that the trade will be successfully completed is a number of time higher. This type of order is recommended on markets with low liquidity with an average volume of up to 200,000 shares and for larger orders.
NOTE:
If the placed order has the same price as a standardly placed order (visible at the depth of the market), then the standard order takes precedence over the invisible order (it is possible to say that the invisible order has "worse time priority" in this case).
Placing an order:
An investor decides to sell 40,000 shares with a Limit Price of USD 9.90 using a Limit Invisible intelligent order. Once placed, this order takes the first position on the offer side but all other market participants only see a different offer from another market participant with a Limit Price of USD 10.00.
ORDER PARAMETERS:
Direction: Sell
Limit Price: USD 9.90
Quantity: 40,000 shares (order is at the depth of the market until it is completed)
Before order is placed:
| Price (USD) | Cumulative number of shares | |
| 10.40 | 2,000 | Offer |
| 10.30 | 1,500 | |
| 10.20 | 1,100 | |
| 10.10 | 500 | |
| 10.00 | 300 | |
| Middle | ||
| 9.85 | 10,000 | Offer |
| 9.80 | 10,100 | |
| 9.75 | 10,500 | |
| 9.74 | 11,000 | |
| 9.70 | 12,000 |
After order is placed:
| Price (USD) | Cumulative number of shares | |
| 10.30 | 41,500 | Offer |
| 10.20 | 41,100 | |
| 10.10 | 40,500 | |
| 10.00 | 40,300 | |
| 9.90 | 40,000 | |
| Middle | ||
| 9.85 | 10,000 | Bid |
| 9.80 | 10,100 | |
| 9.75 | 10,500 | |
| 9.74 | 11,000 | |
| 9.70 | 12,000 |
The offer for 40,000 shares at USD 9.90 is invisible to other traders!
