Secondary Market
-A market on which an investor purchases an asset from another investor rather than an issuing corporation.
A good example is the New York Stock Exchange. Here all stock exchanges are part of the secondary market, as investors buy securities from other investors instead of an issuing company.
In contrast to: The initial offering of stocks and bonds to investors is by definition; done in the primary market and subsequent trading is done in the secondary market.
FINAL RESULTS OF THE AIM GLOBAL REFERENCE DATA AND RISK MANAGEMENT SURVEY 2011 AVAILABLE NOW
