secondary market(redirected from Aftermarket (finance))
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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.