Attention should also be paid to the share of EU Internal Market legislation not yet implemented in national laws. Finally much progress has been achieved in capital market reforms, not least due to the introduction of the euro. Whilst in most countries financial markets function well, there is still some market segregation.
With built-in security access procedures, the new E system will replace the manual queuing of the RRP trade orders that are posted via a combination of telephone and stand-alone trading platforms, e.g., Reuters or Bloomberg. It will also eliminate the unintended consequence of manually collating transactions from different order sources.