Secondary market

aftermarketsecondary tradingmarket for resalePrivate equity secondary marketsecondarysecondary (resale) marketsecondary art marketsecondary bond marketsecondary loan marketsecondary markets
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.wikipedia
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Financial market

financial marketsmarketmarkets
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

Option (finance)

optionsoptionstock options
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.
The owner of an option may on-sell the option to a third party in a secondary market, in either an over-the-counter transaction or on an options exchange, depending on the option.

Freddie Mac

Federal Home Loan Mortgage CorporationFHLMCFreddie
Another frequent usage of "secondary market" is to refer to loans which are sold by a mortgage bank to investors such as Fannie Mae and Freddie Mac.
The FHLMC was created in 1970 to expand the secondary market for mortgages in the US.

Mortgage bank

fullymortgageMortgage bank, Mortgage banker
Another frequent usage of "secondary market" is to refer to loans which are sold by a mortgage bank to investors such as Fannie Mae and Freddie Mac.
The process of selling a loan from the mortgage bank to another investor is referred to as selling the loan on the secondary market.

United States Treasury security

Treasury billsTreasury securitiesTreasury bond
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.
The government sells these securities in auctions conducted by the Federal Reserve Bank of New York, after which they can be traded in secondary markets.

Fannie Mae

Federal National Mortgage AssociationFNMAFannie Mae Foundation
Another frequent usage of "secondary market" is to refer to loans which are sold by a mortgage bank to investors such as Fannie Mae and Freddie Mac.
The secondary market for nonconforming loans includes jumbo loans, which are loans larger than the maximum that Fannie Mae and Freddie Mac will purchase.

Initial public offering

IPOwent publicpublic
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.
As Edward Stringham (2015) notes, "companies with transferable shares date back to classical Rome, but these were usually not enduring endeavors and no considerable secondary market existed (Neal, 1997, p. 61)."

Security (finance)

securitiessecuritydebt securities
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.
For the primary market to thrive, there must be a secondary market, or aftermarket that provides liquidity for the investment security—where holders of securities can sell them to other investors for cash.

Stock exchange

stock exchangesexchangebourse
It is therefore important that the secondary market be highly liquid (originally, the only way to create this liquidity was for investors and speculators to meet at a fixed place regularly; this is how stock exchanges originated, see History of the Stock Exchange).
Initial public offerings of stocks and bonds to investors is done in the primary market and subsequent trading is done in the secondary market.

Primary market

bring a security issue to the marketoriginal issuesprimary
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.
Once issued, the securities typically trade on a secondary market such as a stock exchange, bond market or derivatives exchange.

Automotive aftermarket

aftermarketAftermarket (automotive)Aftermarket kit
The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.

Private equity secondary market

secondary marketSecondary investmentsSecondaries
Private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity funds.
As the European sovereign debt crisis hit the financial markets during summer 2011, the Private equity secondary market subsequently saw a decrease both in supply and demand for portfolios of interests in private equity funds, leading to reduced pricing levels compared to pre-summer 2011.

Financial instrument

financial instrumentsinstrumentinstruments
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

Stock

equitiesequityshares
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

Bond (finance)

bondsbondbond issue
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

Futures contract

futuresfutures contractsfutures trading
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

Used good

second-handsecond handsecondhand
The term "secondary market" is also used to refer to the market for any used goods or assets, or an alternative use for an existing product or asset where the customer base is the second market (for example, corn has been traditionally used primarily for food production and feedstock, but a "second" or "third" market has developed for use in ethanol production).

Issuer

issuersissuanceissue
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.

Corporation

corporatecorporationsincorporated
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.

Share (finance)

sharessharestock
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.

Private placement

private placementsplacement feeprivate equity placement
With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of the government issuing treasuries.