{
  "$schema": "https://ps-wiki.github.io/schema/v1/term.schema.json",
  "id": "financial-markets",
  "title": "Financial Markets",
  "description": "Trading financially settled products.",
  "language": "en",
  "tags": [
    "market",
    "ferc"
  ],
  "related": [],
  "breaking": false,
  "dates": {
    "created": "2025-03-15",
    "last_modified": "2025-06-20"
  },
  "authors": [
    {
      "name": "Jinning Wang",
      "url": "https://jinningwang.github.io"
    }
  ],
  "content": {
    "sections": [
      {
        "order": 1,
        "id": "definition-by-ferc",
        "title": "Definition by FERC",
        "type": "definition",
        "source_keys": [
          "ferc2020glossary"
        ],
        "page": null,
        "body_md": "> Markets where financially settled products (instruments) are traded (bought and sold). In commodity markets, it is markets where financially settled commodity derivatives are traded.\n> Nymex is purely financial, where any residual delivery obligations on the futures contracts are matched and settled physically off-exchange by the matched parties.\n> ICE trades both physically and financially settled products.\n> Brokers also do both physical and financial transactions.\n> Financial markets are also a term used for capital markets where stocks, bonds, T-Bills, foreign exchange, and other financial instruments are traded.\n"
      }
    ]
  }
}