Securities are traded in a central location with no direct touch between the seller and the buyer. The New York Stock Exchange (NYSE) and the London Stock Exchange are two examples (LSE).
Individual investors.
Commission brokers and security dealers are examples of advisory service providers and brokers.
Non-banking financial companies, insurance companies, banks, and mutual funds are examples of financial intermediaries.
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).
Secondary Market Types:
Over-the-Counter (OTC) market: An OTC market is a procedure in which securities are traded informally, that is, without being listed on a formal exchange.
A market that is traded on an exchange:
Tertiary markets are smaller metro areas that aren't big enough to be classified as primary or secondary. These markets are riskier, but they also have the potential for high rewards.
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