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Capital Market
Capital markets are financial markets for the buying
and selling of long-term debt- or equity-backed
securities.
Capital markets channel the wealth of savers to
those who can put it to long-term productive use, such
as companies or governments making long-term
investments.
Money Markets and Capital Markets
The money markets are used for the raising of short
term finance, sometimes for loans that are expected to
be paid back as early as overnight.
Funds borrowed from the money markets are
typically used for general operating expenses, to
cover brief periods of illiquidity.
The Capital markets are used for the raising of long
term finance, such as the purchase of shares, or for
loans that are not expected to be fully paid back for at
least a year.
When a company borrows from the primary capital
markets, often the purpose is to invest in additional
physical capital goods, which will be used to help
increase its income.
Money markets and capital markets form the
financial markets.
A key division within the capital markets is between
the primary markets and secondary markets.
In primary markets, new stock or bond issues are
sold to investors.
The secondary market, also called aftermarket, is
the financial (capital) market in which previously
issued financial instruments such as stock, bonds,
options, and futures are bought and sold.
The stock markets (for equity securities, also known
as shares, where investors acquire ownership of
companies) and
the bond markets (where investors become creditors)
A stock market or equity market is a public entity (a
loose network of economic transactions, not a
physical facility or discrete entity) for the trading of
company stock (shares) and derivatives at an agreed
price. These are securities listed on a stock
exchange as well as those only traded privately.
The stocks are listed and traded on stock exchanges
which are entities of a corporation or mutual
organization specialized in the business of bringing
buyers and sellers of the organizations to a listing of
stocks and securities together.
A stock exchange is a form of exchange which
provides services for stock brokers and traders to
trade stocks, bonds, and other securities.
Stock exchanges also provide facilities for issue and
redemption of securities and other financial
instruments, and capital events including the payment
of income and dividends.
Securities traded on a stock exchange include
shares issued by companies, unit trusts, derivatives,
pooled investment products and bonds.
Major stock exchanges:
NYSE Euronext
NASDAQ OMX Group
Tokyo Stock Exchange
London Stock Exchange
Hong Kong Stock Exchange
Shanghai Stock Exchange
TMX Group (Toronto)
Deutsche Börse (Frankfurt)
Australian Securities Exchange (Sydney)
Bombay Stock Exchange
Warsaw Stock Exchange
the largest national stock exchange in the CEE
one of the fastest-growing exchanges in Europe
WSE markets:
- Main Market (trade in equities, equity-related and other
cash instruments, derivatives),
- NewConnect (trade in equities and equity-related
instruments of small and medium-sized enterprises),
- Catalyst (trade in corporate, municipal, co-operative,
Treasury and mortgage bonds operated by the WSE and
BondSpot),
- Treasury BondSpot Poland (wholesale trade in
Treasury bonds operated by BondSpot),
- poee WSE Energy Market (Daily-Hourly Electricity
Market, Electricity Futures Market).
The bond market (also known as the credit, or fixed
income market) is a financial market where
participants can issue new debt, known as the primary
market, or buy and sell debt securities, known as the
secondary market, usually in the form of bonds.