iceberg order vs disclosed quantity which is better to reduce slippage
Depends on your per trade volume and liquidity of the instrument you want to trade.
I think you are missing the point,
the angle is impact cost aka slippage.
Market orders are prone to impact cost by their nature.
Now iceberg orders are Limit orders - so orders are “Limit” as specified.
Disclosed Qty is not an order type.
You can place order type market or limit and choose your own disclosed qty.
So ultimately, it will depend on whether you are sending market or limit orders.
Market orders will “almost” guarantee a fill, limit will not.
yes, as you wrote Liquidity is primary.
But as you can see in my post, OP seems to be not looking at the type of order.
Market vs Limit is supposed to be the contention.
but we can use slm orders in iceberg as well if one is trading in nse
slm orders give slippage.
Bcos after the trigger, its again market order.
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what disclosed quantity has to do with slippage? Can anybody explain??
so is it safe to use stop loss limit (SL-L) as my stop loss? coz even in SL-L there is no guarantee that all the shares will get filled
Decide what you want to achieve and use the appropriate order. They both have a purpose.
It is solely dependent on the style and volume you make your trades in. Either could work. There will be risk involved, anyway. Market prices can change whenever.
Both of them depend on the market movements. No one can predict the market accurately because of the volatility. Better place limit orders.