We report on the current status of the ELETTRA/SLS transverse multi bunch feedback system, consisting of pickup, analog RF front end, a 500 MS/s multi tap filter implemented via a parallel DSP farm, broadband amplifiers and microwave kickers. With the RF front end prototype, a set of measurements with beam has been done and various transverse instabilities identified. To minimize the effect of the analog-to-digital converter granularity, we developed a stand alone, analog common mode rejection module. The module, using analog multipliers and dividers to process the signals from the RF front end, outputs horizontal and vertical position signals with reduced common mode components. Design and construction of the microwave kickers has been completed and first tests have been performed.