I am currently making my way through the Five Minute MBA in Corporate Finance, which is likely to take about a month at the rate i am going (its 657 pages).
Anyway, Having found a particularly good summary of the different types of financial markets, i thought i would copy it across for those that are interested. I give full credit to the author but i have only been able to find a link to the book here. I also give credit to some definitions i found here.
Types of Markets
People and organizations who want to borrow money are brought together with those with surplus funds what are known as financial markets.
- Each market deals with a somewhat different type of instrument in terms of the instrument’s maturity and the assets backing it.
- Different markets serve different types of customers, or operate in different parts of the world.