More terms
Secondary Market
A market where investors trade securities that already exist, rather than buying newly issued securities from the company.
What traders should verify
For Secondary Market, verify the share count or instrument population, price timestamp, venue, restrictions, volume, spread, and whether the data describes primary or secondary activity.
Do not conflate
Secondary Market is not a guarantee of executable price, current liquidity, unrestricted resale, or the company's cash proceeds.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.