标题: Secondary Market vs Third Market [打印本页] 作者: karoliukas 时间: 2011-7-11 19:45 标题: Secondary Market vs Third Market
Whats the difference??? is it that the secondary market can only trade in an exchange???作者: chetan86 时间: 2011-7-11 19:45
secondary market refers to trading of securities after they have been issued. the initial issue is the primary market. e.g. an IPO is a primary issue wherein new shares are issued to the public. subsequent trading between investors in those shares on an exchange represents the secondary market.
the third market also is a secondary market, except that trading takes place away from the exchanges through electronic brokers.作者: MonkeyBusiness 时间: 2011-7-11 19:45
so the its almost the same the main difference is that is away from the exchange?? and with respect to the fourth market is that investors don't use brokers???
