secondary market (redirected from After-Markets)
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for all investors in a security
, except for the first ones to whom a new issue
of a security
is sold. The secondary market consists of all sellers
, except for the issuer
and the first group of investors who bought the issue. The secondary market is often less volatile
than the primary market
because it is easier to determine the underlying value
of a security after it has already begun trading. Nearly all trading
of a security occurs on the secondary market.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The market in which existing securities are traded among investors through an intermediary. Organized exchanges such as the New York Stock Exchange facilitate the trading of securities in the secondary market. Also called aftermarket
. Compare fourth market
, primary market
, third market
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
When investors buy and sell securities through a brokerage account, the transactions occur on what's known as the secondary market.
While the secondary market isn't a place, it includes all of the exchanges, trading rooms, and electronic networks where these transactions take place.
The issuer -- company or government -- that sold the security initially receives no proceeds from these trades, as it does when the securities are sold for the first time.
A general description for the sale and purchase of financial instruments.The New York Stock Exchange is a secondary market for shares of stock. Although there is not a similar central exchange vehicle,trading in existing mortgages is also called the secondary market.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.