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.

Copyright 2015 Bloomberg. NIOVX36JIJUQ (Updates with Japanese government official in third paragraph.) (Bloomberg) — A Japanese hostage was shown killed in a purported Islamic State video after a deadline passed for Japan to pay a $200 million ransom, according to the Japanese government and a terrorist-monitoring group. Haruna Yukawa, a