Iceberg orders can be entered in the order book through STI or OTI at any stage of trading.

Iceberg orders can be entered in the order book through STI or OTI at any stage of trading.

• A. True
• B. False
• C. Only STI
• D. Only OTI

Answer: (A)

Iceberg orders are large quantities shown to the market only in a small visible portion, with the rest held back in reserve to reduce market impact. On the SIX Swiss Exchange, you can submit orders through both the Swiss Trading Interface (STI) and the Order Transmission Interface (OTI). Both interfaces support iceberg orders, so you can enter one into the order book at any stage of trading. You specify the total size and the visible portion; as the visible part executes, more of the hidden reserve becomes visible up to the total size, until the order is finished or canceled. Because both STI and OTI allow creating and managing iceberg orders during trading, the statement is correct.

Iceberg orders are large quantities shown to the market only in a small visible portion, with the rest held back in reserve to reduce market impact. On the SIX Swiss Exchange, you can submit orders through both the Swiss Trading Interface (STI) and the Order Transmission Interface (OTI). Both interfaces support iceberg orders, so you can enter one into the order book at any stage of trading. You specify the total size and the visible portion; as the visible part executes, more of the hidden reserve becomes visible up to the total size, until the order is finished or canceled. Because both STI and OTI allow creating and managing iceberg orders during trading, the statement is correct.