secondary market
The secondary market refers generally to a market where secondary offerings of securities, or other financial instruments (such as stocks, bonds, derivatives, mutual funds etc.) are bought and sold by investors after their initial issuance in the primary market where securities are first bought directly from the issuer. The New York Stock Exchange and the National Association of Securities Dealers Automated Quotations (NASDAQ) are two examples of secondary markets.
[Last reviewed in March of 2026 by the Wex Definitions Team]
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