The secondary market (think stock exchanges) is where investors buy and sell securities from other investors. The National Stock Exchange (NSE), the New York Stock Exchange (NYSE), the NASDAQ, and the London Stock Exchange are examples of popular secondary markets (LSE).
The primary market is where securities are created, while the secondary market is where investors trade those assets. Companies sell new stocks and bonds to the public for the first time on the primary market, such as through an initial public offering (IPO).
A secondary market is a mechanism for establishing the pricing of assets in a transaction based on supply and demand. The price of transactions is available in the public domain, allowing investors to make informed decisions.
direct search market, broker market, dealer market, and auction market.
Tertiary markets are smaller metro areas that aren't big enough to be classified as primary or secondary. These markets can be riskier to invest in, but they also have the potential for high rewards.
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