Pegged Reserve Order

In trading, a pegged reserve order is an order placed with a broker by an investor which combines the characteristics of a pegged order with those of a reserve order (iceberg order).

A pegged reserve order is broken up into many smaller orders, each of which is only placed on the market once the previous order has been fulfilled. All orders are only fulfilled if securities can be bought or sold at prices dictated by the index which the order is pegged to.

More on this topic:
Swiss stock broker comparison
Limit order
Day order
Good for day order
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Limit-on-close order
Limit-on-open order
Market order
Market-on-open order
Market-on-close order
Stop market order
Stop limit order
Trailing stop order
Reserve order
Discretionary reserve order
Discretionary order

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