If Bruce sells his shares in Qantas and buys shares in BHP Billiton, Bruce is buying and selling in a secondary market.

Name: If Bruce sells his shares in Qantas and buys shares in BHP Billiton, Bruce is buying and selling in a secondary market.
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The secondary market is where investors buy and sell securities from each other, such as stocks of companies like Qantas and BHP Billiton, rather than from the issuing companies directly.

If Bruce Sells His Shares in Qantas and Buys Shares