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jmodified

07/19/16 6:30 PM

#38869 RE: jmodified #38866

OK, to answer my own question on icebergs: "orders can be hidden from the market, if this is done to facilitate trading strategies which could be accomplished without hidden orders". So because the hidden part goes to the end of queue and auto-trading could accomplish the same thing with multiple orders, it is allowed. Apparently "hiding your true intentions" in this way is not considered manipulation in either case, but is "strategy".