Market where previously issued securities are bought and sold. Chicago Board of Trade glossary
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Markets for the purchase and sale of any previously issued financial instrument. The first sale of a financial instrument by the original issuer is said to be made on a primary market. All subsequent trades are said to be secondary market. American Banker Glossary
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The market in which securities are traded after they are initially offered in the primary market. Most trading occurs in the secondary market. The New York Stock Exchange, as well as all other stock exchanges and the bond markets, are secondary markets. seasoned securities are traded in the secondary market. Bloomberg Financial Dictionary
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The term used to describe the market where investors trade securities among themselves, to be distinguished from the primary market, where an issuer originally issues securities to investors. Dresdner Kleinwort Wasserstein financial glossary
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Trading in a new issue, either OTC or on an exchange, immediately following its original issuance. Exchange Handbook Glossary
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The secondary market is a place where an investor can buy or sell existing securities. Shares will be traded in the secondary market once they have been issued in the primary market. Financial Services Glossary
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Marketplace for trading in securities. London Stock Exchange Glossary
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Market where previously issued shares are bought and sold. See Primary market NYSE Euronext Glossary
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The secondary market is where securities are bought and sold once they have been issued in the primary market. The secondary market gives a continuing opportunity for buying and selling and price discovery, and provides the liquidity that allows the primary market to function.
► See also Primary Markets.
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secondary market UK US noun [C]
► FINANCE, STOCK MARKET the trading of existing bonds, shares, etc. rather than new ones: »
It will be several years before an Italian municipal bond market has the liquidity to enable the bonds to be traded on a secondary market.
→ Compare FOURTH MARKET(Cf. ↑fourth market), PRIMARY MARKET(Cf. ↑primary market), THIRD MARKET(Cf. ↑third market)
► COMMERCE, MARKETING customers other than those for whom a product was originally made: »
Grocery stores can sell discarded bags to a secondary market for recycled plastics.
► COMMERCE, MARKETING the selling of products that are connected with a main product: »
Hollywood has developed secondary markets - from DVDs to toys - to bring in additional revenue.
Financial and business terms. 2012.