secondary market

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Secondary market

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Secondary Market

The market 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 and buyers, 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

secondary market

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.

Secondary market.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

secondary market

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.
References in periodicals archive ?
Companies already listed on smaller secondary markets may have some liquidity, but its constrained by market accessibility.
Several secondary markets have risen in the rankings, with Denver, Phoenix, Orlando, Nashville, Minneapolis/St.
An extended use of the templates is expected to widen the investor base, lower entry barriers to potential investors, improve data quality and availability, support price discovery and facilitate the development of the NPL secondary market.
Central Bank of Cyprus spokeswoman Aliki Stylianou said that the Cypriot bond purchases are expected to further compress the bonds' yields in the secondary markets.
Leinberger says, "Mixed use is now creeping into secondary markets because many corporations are moving their headquarters to walkable urban places." He defines a secondary market as one with a population of less than 2.5 million.
In recent years, secondary markets for insurance contracts have developed.
TRG has seen an increasing trend in supply and demand of the secondary markets “Do it yourself” parts harvesting segment.
Of the three provisions that required the issuance of regulations using SBA's emergency rulemaking authority, SBA implemented Section 506 (ARC Loan Program) on June 15, 2009, but did not implement the Section 503 secondary market provision (504 first-lien guarantee) until October 30, 2009, and the Section 509 (loans to systemically important broker-dealers) until November 19, 2009.
The bank said that it would buy euro covered bonds directly in the primary and secondary markets. It said that it would buy bonds directly, but did not specify the mechanism that would be used for the purchases.
The life settlement industry has created a secondary market for acquiring life insurance policies from qualifying policyholders, who receive an offer guaranteed to exceed the cash value.
The relatively high transportation cost for glass and the uneven distribution of glass container manufacturers have led to the development of additional markets for recovered glass, which are collectively referred to by some recyclers as secondary markets.

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