A financial market is a mechanism that allows people toeasily buy and sell (trade) financial securities(such asstocks and bonds), commodities(such as preciousmetals or agricultural goods), and other fungibleitems of value at low transaction costsand at pricesthat reflect the efficient market hypothesis
Financial markets could mean:1. Organizations that facilitate the trade in financialproducts. i.e. Stock exchanges facilitate the trade instocks, bonds and warrants.2. The coming together of buyers and sellers to tradefinancial products. i.e. stocks and shares are tradedbetween buyers and sellers in a number of waysincluding: the use of stock exchanges; directlybetween buyers and sellers etc.