The Equity Capital Market (ECM) is a vital part of the global financial system. It refers to the arena where companies raise equity capital by issuing stocks, and where stocks are traded between investors. The ECM is essential for businesses that need to raise money to grow, and it provides investors with an efficient way to allocate capital.The ECM has evolved over time, thanks in part to technological advances. In the past, companies had to rely on investment banks or other financial institutions to help them raise money by issuing stocks. But today, there are a number of online platforms that allow businesses to issue securities directly to investors. This has made it easier for companies of all sizes access the equity capital market.The ECM is also important because it helps create jobs and drives economic growth. When businesses raise money through the equity capital market, they typically use the funds to expand their operations or invest in new products and services. This helps create jobs and stimulates economic growth.