Fidessa has launched enhanced program trading functionality for its EMS Workstation that allows users to manage lists or programs of orders through one trading blotter.

With the enhancements programs can be sliced off to any trading destination, including Care, DMA, algorithms or dedicated program desks.

In addition, when slicing waves of market orders from the program the waves can be viewed as single entities on the market order blotter with all of the underlying market orders grouped according to criteria such as country, region and percentage of average daily volume. Users can monitor the progress of individual waves and any error conditions as well.

In a statement, Russell Thornton, EMS product manager at Fidessa said, "This year really has been a period of rapid development in the EMS as we strive to meet the ever growing needs of our users. In addition to the enhanced functionality, we also saw the integration of the Fidessa Fragmentation Index (FFI) to enable users to keep pace with the increasingly fragmented trading arena in Europe."