UK market is still awaiting true e-dealing

True electronic dealing of unit trusts does not exist in the UK and is unlikely to do so for more than a year despite the emergence of fund supermarkets and EMX. IFAs and product providers alike think Autif's trading platform EMX, will revolutionise the way in which business is conducted in the unit trust industry. It won't. EMX will make things easier but paper-based administration tasks will not be driven out of the industry without further movement from the Government and an equity settlement group known as CrestCo. Trades will be able to take place on EMX, valuations will be quicker a...