There are actually three distinct meanings of the word "market":
Most of the markets in the Guide are in this category.
Included in this category are farmers markets, some of which have wholesale trading as well.
More traditionally, the market place was where wholesale goods were bought and sold. Although much of the bulk trading of goods is done between companies direct to warehouses, there are still markets that deal in bulk produce, mainly for the catering and restaurant trade:
Before the start of the 21st century, the London financial markets have abandoned "Open Outcry", in favour of "All Electronic" trading.
Previously, there were very chaotic places with much shouting and gesturing taking place, called dealing pits. Nowadays, we have virtual markets that exist in cyberspace. There are still physical buildings, but these house IT suites and market operations staff.
The following financial markets operate from London:
- London Stock Exchange - equities
- LIFFE Euronext - derivatives
- London Metals Exchange
- InterContinental Exchange (ICE)
- International Petroleum Exchange (IPE)
Also of note is Lloyd's of London, which is home of the London insurance market. This is one of the places where you can (in theory) get an insurance policy against anything, for a price.