Which market is particularly important for "block trades", which are extremely large transactions involving at least 10,000,000 shares or $100,000?
A) Third market
B) Fourth market
C) Primary market
D) Secondary market

Question

Quizplus · Accepted Answer

The third market refers to trading by non-exchange member brokers/dealers and institutional investors of exchange-listed stocks. It's particularly important for block trades because it allows for large transactions to be made outside of traditional exchange mechanisms, providing liquidity and potentially better pricing for large institutional investors.

Which Market Is Particularly Important for "Block Trades", Which Are