Editing Financial system (section)

=== Financial markets ===

[[Financial market]]s are markets in which [[Security (finance)|securities]], [[Commodity|commodities]], and [[Fungibility|fungible]] items are traded at prices representing [[supply and demand]]. The term "market" typically means the institution of aggregate exchanges of possible buyers and sellers of such items.

==== Primary markets ====
The [[primary market]] (or initial market) generally refers to new issues of [[stock]]s, [[Bond (finance)|bonds]], or other financial instruments. The primary market is divided in two segments, the money market and the capital market.

==== Secondary markets ====
The [[secondary market]] refers to transactions in financial instruments that were previously issued.