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Username: Andrew

Rating:
Guru Stars

Asked to: Jacob Rogers

Date Created: 16 Sep 2016
Category 28
Tag Financial
Question What is a 'Third Market'?
Advice from Guru
Hi Andrew,

A third market consists of trading by non exchange-member brokers/dealers and institutional investors of exchange-listed stocks. In other words, the third market involves exchange-listed securities that are being traded over-the-counter between brokers/dealers and large institutional investors.

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