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The trading of exchange-listed securities in the over-the-counter market (for example, by institutions through OTC market makers) is often referred to as the:
a.Primary market
b.Fourth market
c.Third market
d.Gray market
Giải thích
The third market refers to trading of exchange-listed securities in the OTC market. The fourth market refers to direct institution-to-institution trading without a broker-dealer, often through electronic networks.
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