Mrkts I

For every product there is a market. general consumption like the veggitabls or milk is available locally n in physical form. If 1 can enlarge his view then one can easily find bigger veggie markets just arount the town where many producers, consumers n dealrs show up purchasing in bulk. similarly in economic paralance there are many markets dealing in metals, energy, currencies, indexes, equities, debt, insurance and many more.....

Let us first differentiate the differednce between a market and an exchange. A market in plain terms is a place where buyers and sellers meet and transect. There is no need of a physical location, if the traders use calls to deal then it'll be a telephonic markt, foreign exchange for e.g and if the trade is facilitated through net then it is called an electronic mrkt. If there is a physical location for trading then the place where traders deal is called "pit" and the system is called "open ouctry"
nOw the exchange: Exchange is a narrower term compared to market. Ex is also a market but here participants need to be registered and trading takes place only in the listed products and in standard quantities. The bombal stock exchange for examples facilitates dealrs to deal in equity and debt products. The national stock exchange on the other hand allows derivative ( we shall discus this later) with plain vannila equities but no debt trades. Exchanges are regulated by a regulator so that malpractices are containd and to ensure investors are not cheated and markets are safe to invest.

Since the emergence of a sharemarket in amsterdam in 16th century innumerabl exchanges and markts hav emerged around the globe, each vying for business offering newer features, newer prroducts, concessions and so on..... Let us wait n see what will unfold in the comin yrs...