U.K. Mutual Funds Trade Electronically
THIS WEEK'S LEAD STORIES
The first system for electronic trading of unit trusts, the U.K. equivalent of mutual funds, will make its debut this fall. Called Unilink, the system will mark the U.K. unit trust industry's first attempt to catch up with the heavily automated securities markets.
Unilink was developed by U.K. value-added network services company Istel Ltd. The system, which is aimed at the high-volume, low-value retail market, will provide users with price and other information related to unit trusts. It will
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