TechFlow news: According to official announcements, to enhance user trading experience, OKX plans to launch an upgraded Iceberg Order strategy at 4:30 PM HKT on July 13, 2023, featuring multiple core upgrades including order placement preferences, number of orders per batch, and start conditions.
After the upgrade, users can open the OKX app, tap the Trade button at the bottom of the page, then navigate to the Strategy section and select Large Order Split under Create Strategy to access the new Iceberg Order interface. Alternatively, users may visit the OKX official website, click the Trade button in the navigation bar, choose Strategy Trading from the dropdown menu, proceed to Create Strategy, and then select Iceberg Order.
The OKX Iceberg Order strategy splits large orders into smaller ones and places them incrementally. This allows users to customize order preferences when executing large trades, effectively concealing trading intentions, reducing costs and slippage, and minimizing market price impact. It has become one of the preferred strategies for large-volume traders in the market.
