Understanding the Secondary Market: A Comprehensive Guide
The secondary market is a term that is often used in the financial world, but not everyone understands what it means. In simple terms, the secondary market refers to the buying and selling of securities that have already been issued. This market is separate from the primary market, where new securities are issued and sold for the first time.In this comprehensive guide, we will explore the secondary market in detail, including its functions, participants, and types of securities traded.Functions of the Secondary MarketThe secondary market plays a crucial role in