principal market(redirected from Principal Markets)
The primary exchange on which a security is traded. For example, most blue chip companies list their principal market as the New York Stock Exchange because it is a large exchange with a high trading volume. Nevertheless, these stocks can and do trade on other exchanges, as well as in the over-the-counter market.
The main market in which a security trades. The principal market for the common stock of most large corporations in the United States is the New York Stock Exchange, even though most of this stock also trades on one or more other exchanges and in the over-the-counter market. See also consolidated tape.