ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The secondary market is also known as the stock market or stock exchange, which is the market for the purchase and sale of existing securities. In secondary market, securities are not directly issued by the company to investors. The securities are sold by existing investors to other investors.

Detailed explanation-2: -For buying equities, the secondary market is commonly referred to as the “stock market.” This includes the New York Stock Exchange (NYSE), Nasdaq, and all major exchanges around the world. The defining characteristic of the secondary market is that investors trade among themselves.

Detailed explanation-3: -The secondary market is where securities are traded after the company has sold its offering on the primary market. It is also referred to as the stock market. The New York Stock Exchange (NYSE), London Stock Exchange, and Nasdaq are secondary markets.

Detailed explanation-4: -Secondary markets, referred to also as aftermarkets or follow-on public offerings, refer to the market in which previously issued financial instruments, such as stocks, bonds, options and futures, are traded.