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Financial Market

Definition: Financial Market refers to a marketplace, where creation and trading of financial assets, such as shares, debentures, bonds, derivatives, currencies, etc. take place. It plays a crucial role in allocating limited resources, in the country’s economy. It acts as an intermediary between the savers and investors by mobilising funds between them.

安娜的头发比查斯顿本来的发色浅,有时安娜向后撩头发时会露出这两个层次,有点戏谑,但仍不失威严。
10月份,美国联邦政府停止运转。星巴克CEO霍华德舒尔茨拒绝在所有公司都受到不利影响时袖手旁观。他写了一封请愿书,号召各公司CEO上街游行,给国会施加压力,迫使后者通过预算案。

Functions of Financial Market

感恩节当天,沃尔玛、塔吉特(Target)和Kmart等美国大型零售商都开门营业,以便借假日购物旺季大赚一笔。今年,沃尔玛开始营业的时间甚至比去年早了两个小时。但好市多拒绝加入“黑色星期五狂欢”,感恩节并没有开门营业。首席执行官克雷格杰利内克认为,给员工放一天假比提高公司利润更加重要。

  • It facilitates mobilisation of savings and puts it to the most productive uses.
  • It helps in determining the price of the securities. The frequent interaction between investors helps in fixing the price of securities, on the basis of their demand and supply in the market.
  • It provides liquidity to tradable assets, by facilitating the exchange, as the investors can readily sell their securities and convert assets into cash.
  • It saves the time, money and efforts of the parties, as they don’t have to waste resources to find probable buyers or sellers of securities. Further, it reduces cost by providing valuable information, regarding the securities traded in the financial market.

The financial market may or may not have a physical location, i.e. the exchange of asset between the parties can also take place over the internet or phone also.

Classification of Financial Market

classification of financiak market

  1. By Nature of Claim
    • Debt Market: The market where fixed claims or debt instruments, such as debentures or bonds are bought and sold between investors.
    • Equity Market: Equity market is a market wherein the investors deal in equity instruments. It is the market for residual claims.
  2. By Maturity of Claim
    • Money Market: The market where monetary assets such as commercial paper, certificate of deposits, treasury bills, etc. which mature within a year, are traded is called money market. It is the market for short-term funds. No such market exist physically; the transactions are performed over a virtual network, i.e. fax, internet or phone.
    • Capital Market: The market where medium and long term financial assets are traded in the capital market. It is divided into two types:
      • Primary Market: A financial market, wherein the company listed on an exchange, for the first time, issues new security or already listed company brings the fresh issue.
      • Secondary Market: Alternately known as the Stock market, a secondary market is an organised marketplace, wherein already issued securities are traded between investors, such as individuals, merchant bankers, stockbrokers and mutual funds.
  3. By Timing of Delivery
    • Cash Market: The market where the transaction between buyers and sellers are settled in real-time.
    • Futures Market: Futures market is one where the delivery or settlement of commodities takes place at a future specified date.
  4. By Organizational Structure
    • Exchange-Traded Market: A financial market, which has a centralised organisation with the standardised procedure.
    • Over-the-Counter Market: An OTC is characterised by a decentralised organisation, having customised procedures.

对工业大宗商品需求的下降尤为明显。中国房地产和制造业的严重供应过剩在近几个月抑制了对新产能的投资,进而削弱了对各种原材料的需求。
Part of the appeal of online programmes lies in their flexibility, reach and slower pace of delivery than cam-pus-based MBAs. Apart from IE, which imposes an 18-month time limit, participants have on average about five years to complete their degrees.
[.depri'vein]
n. 有价证券;担保;保证人;抵押物(security的

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