Hidden orders

Discussion in 'Order Execution' started by Eleanor, Feb 15, 2009.

  1. Eleanor


    Does there exist an order that is sent to an exchange where you always remain best bid or offer, even ahead of hidden orders? Assuming no one can explicitly see a hidden order (is this confirmed for a fact?), can traders effectively detect hidden liquidity with such an order?
  2. Eleanor


    No one has an answer to this?
  3. Euler


    I don't think anyone can see hidden orders, and I don't think the order type you describe exists.

    But I could be wrong..if anyone knows better, please correct me. It's been a while since I've studied the many different lists of order types for the various exchanges/ECNs...