Secondary market

Secondary market
The market where securities are traded after they are initially offered in the primary market. Most trading is done in the secondary market. The New York stock Exchange, as well as all other stock exchanges, the bond markets, etc., are secondary markets. Seasoned securities are traded in the secondary market. The New York Times Financial 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► COMMERCE, MARKETING customers other than those for whom a product was originally made: »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.

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Look at other dictionaries:

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