Secondary Trade

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Secondary Trade

Any trade of a security other than the first trade. Prices for secondary trades are often less volatile than those that occur on the primary market because it is easier to determine the underlying value of a security after it has already begun trading. Nearly all trades are secondary trades.
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References in periodicals archive ?
Some of the suggestions were limited to only allocating a percentage of the shares of the primary dealers of secondary trades at a minimum limit discussed with the identification of the role of the market maker of bonds, without the need to involve different parties in the system of primary dealers.
Beginning with an overview of typical building cost estimates, the work covers topics such as math and measurement, excavation and site work, concrete measurement, carpentry estimates, masonry and finishes, estimating secondary trades, pricing general expenses, labor costing, equipment, subcontractors, summaries and bids, and computer aided estimating.
The week began with lateral motion at the domestic market.Six issues at once entered the secondary trades on Monday in the sum total amount of 35.5 bn RUR, which negatively reflected on the trade volumes of other notes.
It is interesting to note how few credit union portfolio managers are aware that all secondary trades in eligible fixed-income securities (including agency bullets, callables and municipal securities) are required to be publicly reported and posted either on FINRA's TRACE (Trade Reporting and Compliance Engine) system or MSRB's EMMA (Electronic Municipal Market Access).
As for the interesting events, coming this week we might outline the following: 35.5 bn RUR worth of bonds are entering the secondary trades on Monday (aNational Standardaa1, AlefaBanka1, RC Kaznacheyaa1, GazpromaNefta8, a9, a10), and that might occupy the investors' attention.
Excess and sometimes created artificially anxiety might impact the secondary trades negatively.