Microsoft PowerPoint - PoF.ppt

Classification of financial marketsƒ 11

...according to

types of markets / traded products:

bond market, stock market, derivatives market, FX market, commodities market

ƒ

...according to

investor’s horizon:

money market (spot

market) vs. capital market (future market)

ƒ

Issuance vs. trading of securities:

primary market vs.

secondary market

ƒ

... according to the

trading system:

auction market, dealer

market and hybrid systems (... combination of auction and dealer market)
Introduction to financial markets