secondary market

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Related to secondary market: money market, Capital market

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.

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.

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.

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.

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.

References in periodicals archive ?
As residential prices in the secondary market begin to dip due to the discounted offers in the primary market, we opine that developers will shift course towards the office segment in order to cater to the pent up demand.
Commenting on the new paper, MBA Chairman Debra Still, CMB, said, "It is critical that as policymakers transition away from Freddie Mac and Fannie Mae, a competitive environment is created so that smaller lenders are able to be effective in the secondary market.
One area that tends to offer investors the most value in the secondary market are single premium immediate annuities and deferred annuities in payout.
In 1990, only six companies made an active secondary market.
The final regulations address this concern by providing more explicitly that interests in a partnership will not be treated as readily tradable on a secondary market or the substantial equivalent thereof unless (1) the partnership participates in the establishment of the market or the inclusion of its interest thereon or (2) the partnership recognizes transfers made on that market.
Some lenders began making greater use of affordable home loan programs sponsored by secondary market institutions.
Abdullah Al Turifi, chief executive officer of the Securities and Commodities Authority, or SCA, said on Tuesday that the secondary market would have a total of five or more companies listed by the second half of 2015.
The reason: Growing liquidity in the secondary market is enabling mortgage lenders, banks, credit unions, pension funds and others to sell loans at higher prices to meet the growing demand from institutional buyers seeking quality assets that were previously a scarce commodity.
com, a unique business-to-business e-commerce enterprise, is successfully operating an online marketplace for the estimated $500 billion of commercial mortgage loans and participation certificates traded in the global secondary market.

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