There are two major trading markets for exchanging financial assets: the spot market and the futures market. Financial assets are traded quickly in the spot market, and the transaction is carried out at the holder’s discretion. The deal in futures is settled at a later date.

©2015 Bloomberg News NPST2J6JIJUW (Bloomberg) — Nike Inc. won an eight-year deal to make uniforms for the National Basketball Association, taking over for Adidas AG after that company’s contract runs out in 2017. Nike will become the first apparel partner to have its logo appear on all on-court uniform designs,