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Financial Glossary

-G-

G7The seven leading industrial countries, being the US, Germany, Japan, France, the UK, Canada, and Italy
G10The G7 plus Belgium, the Netherlands and Sweden, a group associated with IMF discussions
GammaA measurement of how fast delta changes, given a unit change in the underlying price of the instrument
GapA significant price movement of a currency, security or commodity between two trading sessions
GLOBEXA system for global after hours electronic trading in futures and options developed by Reuters for CME and CBOT for use in conjunction with various exchanges around the world
Gold StandardA monetary system that backs its currency with a reserve of gold, and allows currency holders to convert their currency into gold. The U.S. went off the gold standard in 1971
Good Until Cancelled(GTC) An instruction to a broker that the order must remain valid until cancelled by the client
GrossBefore deduction of tax
Gross Domestic ProductGDP is the broadest measure of aggregate economic activity available. The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports
GDP DeflatorA ratio that is used to account for the effect of inflation on the GDP figure
GTCSee Good until Cancelled
GTFAn instruction to a broker that the order must remain valid until closing of trading day on Friday
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