Why is a stock exchange like NASDAQ considered a 'secondary market'?

Question

Quizplus · Accepted Answer

A stock exchange like NASDAQ is considered a secondary market because shares of stocks are traded between investors rather than directly from the issuing corporation. The primary market is where new securities are issued, while the secondary market is where they are traded among investors. NASDAQ, as a stock exchange, is a platform where buyers and sellers come together to trade shares of stock in public companies.

Why Is a Stock Exchange Like NASDAQ Considered a 'Secondary