Financial Markets

Exchange-Traded Fund

An investment fund traded on stock exchanges that holds assets such as stocks, bonds, or commodities, typically designed to track the performance of an index. ETFs offer investors the diversification benefits of mutual funds with the trading flexibility of individual stocks, often with lower expense ratios and tax advantages.

Financial Market Infrastructure and Development Board

A regulatory body that oversees the systems, institutions, and networks that enable trading, clearing, settlement, and recording of financial transactions across capital markets.