Overview of Financial Markets
The background of financial markets dates back to many centuries and have become increasingly sophisticated in recent times.
The Financial Market is a marketplace where several participants (buyers and sellers) exchange money through a range of intangible assets, whose value is a claim to a future return. These markets are both monetary policy implementation and resource-mobilisation vehicles, essential to economic growth and stability.
Being the most widely analysed market, the capital market is made up of the primary (marketplace for new issues of securities sold by issuers (sellers)) and the secondary (marketplace for previously issued securities traded amongst investors (buyers)) markets.