Disclosed quantity orders

Mon, 11 May 2026 00:00:00 +0000

A disclosed quantity order is a limit order in which the trader specifies that only a fraction of the total order quantity should be visible in the public order book (the market depth) at any given time. The remaining quantity, the undisclosed portion, is held by the exchange and released into the book as successive tranches of the disclosed quantity are filled. The exchange matching engine treats the full order quantity as active, but only market participants see the disclosed portion.

Iceberg order on Kite

Mon, 11 May 2026 00:00:00 +0000

An iceberg order is an order type on Kite, Zerodha’s trading platform, that allows a trader to place a large total quantity while displaying only a small fraction of that quantity, the tranche size, in the public order book at any given time. As each visible tranche is filled, the next tranche is automatically submitted to the exchange, continuing until the entire order quantity is executed or cancelled.

The name derives from the analogy of an iceberg: a small portion is visible above the surface (the order book), while the much larger bulk remains hidden below. Iceberg orders are also known as reserve orders in international market terminology and are closely related to the disclosed quantity feature on Kite.

Disclosed Quantity on WebNotes

Disclosed quantity orders

Iceberg order on Kite