You recently sold 200 shares of disney stock, and the transfer was made through a broker. this is an example of<u> A </u><u>secondary market transaction.</u>
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What is secondary market?</h3>
Investors can acquire and sell securities they already possess on the secondary market. Although stocks are also sold on the main market when they are originally issued, it is what most people refer to as the "stock market." Secondary markets include the national exchanges, such the NASDAQ and the New York Stock Exchange (NYSE).
Investors trade with one another in secondary marketplaces as opposed to the issuing business.
The secondary market influences the price of securities toward their true worth through a vast network of separate but connected exchanges.
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