• Financial markets refers to an elaborate system of the financial institution and intermediaries and arrangement put in place and developed to facilitate the transfer of funds from surplus economic units (savers) to deficit economic units (investors).

  • Savers include individuals, small businesses, family units savings through institutions such as SACCOs, banks, insurance firms, pension schemes etc.

  • Investors include government, companies, family units etc.


           Physical or commodity markets deal with real assets such as tea, coffee, wheat, automobile etc.