The type of market where securities such as stocks and bonds trade are defined as a capital market where asset maturities are long term (greater than 1 yearl, have greater price volatility or riak, and typically lower trading volumes than short term securities. a capital market where asset maturibies are short term fless than 1 yearh have lower price volatility or risk, and typically higher levels of trading volumes than long term securities. a money market where asset maturities are iong term (greater than 1 years have greater price volatility, and typically lower trading volumes than short term securities. a money market where asset muturities are short term lless than 1 yeur. have lower price volatility or risk, and typicaly higher levels of trading wodumes than long term securities