system in which property transactions are made that already were involved in past transactions
The secondary market is the
financial market for trading of
securities that have already been issued in an initial private or public offering. Alternatively, secondary market can refer to the market for any kind of used goods. The market that exists in a new security just after the new issue, is often referred to as the aftermarket. Once a newly issued
stock is listed on a
stock exchange,
investors and
speculators can easily trade on the exchange, as
market makers provide bids and offers in the new stock.
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A market in which an investor purchases an asset from another investor rather than the issuing corporation. An example is the New York Stock Exchange.
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