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Finance Dictionary and Glossary of Investment Terms
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.
A market in which an investor purchases a security from another investor rather than the issuer, subsequent to the original issuance in the primary market. also called aftermarket.
Markets where securities are bought and sold subsequent to original issuance.
A market in which an investor purchases an asset from another investor, rather than an issuing corporation.