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What is Functions of the Secondary Market about?
The secondary market allows investors to buy and sell previously issued securities, providing liquidity and price discovery without direct benefits to issuing companies. Stock exchanges facilitate trading, establish fair prices, enhance liquidity, set standards, and provide market information while ensuring regulatory compliance. Key players in the market include brokers, sub-brokers, market makers, jobbers, portfolio consultants, and institutional investors, all contributing to efficient market functioning
- Author
- chessaryan80
- Language
- EN