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

As part of the FX function, users can electronically send order types with stops, triggers or limits to sell side institutions for handling.

A new, unique order type has also been introduced allowing for electronic submission of "work orders" or those that need special handling. These orders, which traditionally have been handled manually over the phone, can be sent with multiple instructions.

Users will be able to send these new work orders to a counterparty electronically and be able to view the progress and status of the order in real-time. This will also enable the creation of an electronic audit trail for the order.