Trades between large institutional investors that take place without the benefits of brokers or dealers occur in the:

Question

Quizplus · Accepted Answer

Trades between large institutional investors that take place without the benefits of brokers or dealers occur in the fourth market. The fourth market is a trading venue that enables the direct exchange of securities between investors without the need for intermediaries like brokers or dealers. The primary market is where new securities are issued and sold to the public for the first time, while the secondary market is the venue where already-issued securities are traded between investors. The third market is a segment of the secondary market where transactions between large institutions take place.

Trades Between Large Institutional Investors That Take Place Without the Benefits