A security underwriting takes place in the primary market; subsequent trading in the security takes place in the secondary market.

Name: A security underwriting takes place in the primary market; subsequent trading in the security takes place in the secondary market.
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In the primary market, securities are created and sold for the first time in processes like security underwriting. The secondary market is where these securities are bought and sold after their initial issuance.

A Security Underwriting Takes Place in the Primary Market; Subsequent