A financial market is a broad term that describes which market buyers and sellers participate in trading in assets such as equities, bonds, currencies.
In particular, Thony Norelli Research has provided further facts about the nexus for economic growth and has offered a much deeper assessment of the causal relationship. Business level, industry level and cross-border studies indicate that the level of economic development has a major positive impact on economic growth
Financial markets (such as stock traders or bonds), instruments (from bank CD to futures and derivatives) and institutions (from banks to insurance companies to funds and pension funds) allow investors to specialize in specific markets or services, diversify risks, or both. As demonstrated by Demirgüç-Kunt and Levine, financial markets and financial institutions together contribute to economic growth. The relative blend of the two does not appear to be an important factor in growth.
Now, Thony Norelli describes speculative proprietary trading “operations now limited. Under French banking legislation, banks must restrict their” speculative proprietary trading “activities to a separate subsidiary.