Bloomberg introduces new FX orders functionality

Bloomberg has introduced new functionality for leaving orders in the FX market.

First Published by e-Forex News: April, 2009

Bloomberg has introduced new functionality for leaving orders in the FX market.  The new capability, part of the FX function, allows users  to electronically send order types with stops, triggers or limits to a sell-side institution of their choice for handling.

Bloomberg introduces new FX orders functionality

As part of this offering, Bloomberg has introduced a new, unique order type that allows 
for electronic submission of "work orders" - those orders that need  special handling. These working orders, which can be sent with multiple instructions, have traditionally been handled manually and over the phone. The new work orders function means that market participants can send  orders to a counterparty of choice electronically with the added benefit of being able to see the progress and status of the order in real-time.