Financial Market The financial system is the important element of an economy. Financial resources are exchanged through the financial system. Financial market is the heart of the financial system. Financial market is the mechanism through which financial instruments are being traded. The financial market is said to be the brain of entire economic system. The savings are channeled to investments through financial markets. The financial instruments like stocks, bonds, insurance policy, government securities, and debentures are being traded in the financial market. According to S.K. Cooper and other “ Financial markets are the markets in which financial instruments are traded “. Similarly, according to Dudley G. Luckett, “ Financial market is to be understood as any exchange of a variety of financial instruments “. The financial market is said to the ‘brain’ of entire economic system. The savings are channeled to investments through financial market. The financial instruments like st...
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