Advanced concepts

Advanced concepts

Submit Iceberg with Random Quantity and Delay

An Iceberg order executes a large volume order by breaking it into smaller disclosed orders, publicly displaying only the specified portion instead of the full order quantity.

The ADL Canvas below shows how the user can define the values for the child order quantities (i.e., 3-10) and the delay values (i.e., 300-1500 milliseconds) to randomize these values. The algo leverages the State block to determine the fill status.