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As the disclosed portion of the order is filled, volume from the hidden portion automatically replenishes the disclosed portion. If the disclosed portion is only partially filled, the remaining disclosed volume remains booked until fully executed, at which point the system will automatically replenish the volume to the original disclosed portion, repeating as necessary until the entire balance is traded. When an Iceberg order refreshes, it receives a new time-stamp, allowing other same-price orders an opportunity to move up in the time queue.
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