You recently sold to your brother 200 shares of Disney stock; the transfer was made through a broker, and the trade occurred on the TSX. This is an example of which of the following?

Question

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The transfer of shares through a broker on the TSX is an example of a secondary market transaction, where the shares are bought and sold between investors rather than directly from the issuing company. This differs from a primary market transaction (choice B) where securities are issued to the public for the first time, and a money market transaction (choice D) which involves short-term borrowing and lending of funds. A futures market transaction (choice A) involves the buying or selling of contracts for future delivery of commodities or financial instruments.

You Recently Sold to Your Brother 200 Shares of Disney