1st slide

STRUCTURE OF FINANCIAL MARKETS

DEBT MARKET EQUITY MARKET

2ND slide

DEBT MARKET- market where debt instruments are traded

EQUITY MARKET- market for trading equity instruments

3rd slide

Financial markets function as both primary and secondary markets for debt and equity securities

Primary market- refers to original sale of securities by governments and corporations

Secondary markets- where investors buy and sell securities they own

4th slide

Forces of change

1. Technology
2. Deregulation
3. Liberalization
4. Consolidation
5. Globalization