markets · advanced
Iceberg order
An iceberg or disclosed-quantity order on NSE/BSE shows only a slice of total size while hiding the balance.
Indian exchanges support disclosed-quantity attributes so only a visible portion rests in the book.
As each displayed slice fills, the exchange refreshes the next visible portion under order-type rules.
Use is subject to exchange order-type rules and the broker’s risk-management system.
Other participants may infer iceberg presence when size keeps replenishing at the same price.
Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.