Disclosed Qty: When I place a buy order for 1000 qty with disc. Qty of 120, what the Limit Order Book will show once my 120 quantity is partially filled?

General
1

When I place a buy order for 1000 qty with disc.qty of 120, what the Electronic Limit Order Book will show once my 120 quantity is partially filled? (In best 5 Bid Ask price window)

I understand initially when I place the order it will show 120 quantity against my price. But what happens if more than 120 quantity of my order gets filled, say 150 got filled?

  1. Will it show the next available best price and skip my price from display (even though it is present in the order book for 850 quantity)?
  2. Will it show the 850 quantity and disobey the Disc.qty rule?
  3. Will it convert the 1000 shares into 120 units as percentage and show the remaining 850 as 102 pending shares in my price?
  4. Will it show 120 continuously in ELOB untill all my 1000 shares are complete, I mean even though partially 150 shares are filled, will it still show 120 aganist my price? In this case if 900 quanity got filled, will it change the 120 to 100 in display?


Sometimes I get weird doubts, Please dont mind. :P

2

Your disclosed quantity of selling 120 shares will keep showing up until the remaining 880 which is hidden is sold. Once that is sold, this 120 will keep getting reduced as and when it gets filled.

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3

Thanks Nithin. I had a feeling that anwer would be point no 4. Same as you confirmed.