How does a primary market differ from a secondary market? Where are most securities traded: in the primary or the secondary market?
In the primary market, new securities are sold to the public, and one party to the transaction is always the issuer. In contrast, old (outstanding) securities are bought and sold in the secondary market, where the securities are "traded" between investors.
Securities are sold in the primary market only one time; they are sold many times in the secondary market. The volume of sales in the secondary market overwhelms that in the primary market.
Business
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