These reforms include the following: i)  The process of upgrading the Reuters system to allow real time reporting and viewing of market activity – thereby enhancing market transparency and minimizing price distortions – is in the final stages of implementation.
The first stage of the upgrade, involving 10 commercial banks, is expected to be ready by the end of March of this year and the second stage, involving all of the remaining banks, by June. ii)  The enhanced Central Securities Depository (CSD) system is in the final stages of user acceptance testing.