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GBP
Pound Sterling
GBX
Pence Sterling
Gearing
Gearing is a feature of leveraged instruments such as covered warrants, options and futures. In an option, by investing a small amount called the option premium, investors can multiply their gains since returns are magnified.
GEMMs
Gilt-edged market makers.
Gilts or Gilt-Edged Securities
Debt securities issued on behalf of the Government.
Global Depositary Receipt (GDR)
Certificate which represents ownership of a given number of a company's shares and which can be listed and traded independently from the underlying shares. Denominated in US dollars, GDRs are traded in London.
Globalisation
The tendency of world investment and business to move from national and domestic markets to a worldwide environment.
Going long
Buying futures involves a commitment to buy the underlying asset at a future date at a specified price. This is called going long.
Going short
Selling futures involves a commitment to sell the underlying asset at a future date at a specified price. This is called going short.
Gross
The total amount before deductions (e.g. before tax deductions).
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