The TSX Venture Exchange announced today that it has added “iceberg orders” and voluntary attribution as trading features.
Iceberg orders allow market participants to “book” their entire order while only displaying a portion of the size in market information and trading terminal displays. A participant may enter a large order of tens of thousands of shares, but display a “disclosed” portion. Those disclosed shares will be displayed to traders and the public, but all shares, up to the entire balance, are eligible to trade at any time.
With voluntary attribution, market participants have the option of revealing their activity in a security by choosing to attribute orders and trades.
Rik Parkhill, president of TSX Markets said, “These enhancements are aimed at providing greater trading options for our market participants.”
Linda Hohol, President of TSX Venture added, “The goal is to build liquidity for TSX Venture Exchange issuers and further add to a quality market for all investors.”