Typically, markets guarantee a FIFO order of priority of execution for various orders at the same price. I want to know does this hold true for Iceberg orders?
for eg Order1 = Buy 100 Quantities @ 2 dollar each and disclosed quantity=10. After this Order 2 is placed : Buy 100 Quantities @$2 each with disclosed quantity 100. Is it gauranteed that Order2 would not trade before order 1 is traded completely?
Thanks