Trading 101 — Order Types: Hidden Orders
Hidden orders are usually large orders kept out of the public order book by the broker to limit the mostly psychological impact the trade may have on other market participants, leading them to modify their own order at an unfavorable rate. Thus, Hidden orders allow traders to maintain anonymity in the market. It can also be called dark pool orders.
Cons: May limit liquidity access in fragmented markets.
Hidden orders pay taker fees.
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