"Financial Markets help to save time, efforts and money of both buyers and sellers of financial assets". Identify the function of financial markets being highlighted in the statement.

Reducing cost of transactions

Reducing the Cost of Transactions: Financial markets provide valuable information about securities being traded in the market. It helps to save time, effort and money that both buyers and sellers of a financial asset would have to otherwise spend to try and find each other. The financial market is thus, a common platform where buyers and sellers can meet for fulfillment of their individual needs.