The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

GILT-EDGED MARKET-MAKER (GEMM) Definition & Legal Meaning

Definition & Citations:

A PRIMARY DEALER in GILTS that commits to quoting twoway prices and bidding competitively at primary auctions. While GEMMs were once required to be separately capitalized legal entities, they may now form part of larger financial groups.


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