As of July 1, 2022, we announce announced a name change from Capital Markets SIG to Financial Markets SIG. The main motivation for this change is the fact that we have had interest and participation not just on the capital markets which have a longer-term focus; but also, on the shorter-term funding markets (including the Repo Markets) as well as payments and liquidity in these markets. Sometimes the term market is used just for the venue where trading takes place, for example NASDAQ (an exchange) is called a market, we use the term Financial Markets in its more generic abstractionsense, comprising investors, the borrowers; AND the venues where they come together, normally managed by intermediaries. Some of the instruments that convey investment or even insurance from the lenders to the borrowers are bilateral, they are not traded in any open market.
There is a natural continuum between the two as the "money view" is concerned with the funding markets (sometimes called the money markets) which support long-term markets (capital markets). The term financial markets address both these durations, or maturities.
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