Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

LSE eases rules for GEMMs

THE LONDON Stock Exchange is to relax its rules to allow gilt- edged market makers (GEMMs) to opt out of dealing in index-linked government stock.

The exchange plans next month to introduce a new, separate register of GEMMs which trade in index-linked stock. Now all registered GEMMs have to trade in all classes of gilt-edged stock.

The new rules mean GEMMs can register for index-linked stock, for all conventional gilts, or all gilts.