Fourth market: Difference between revisions
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Importing Wikidata short description: "Financial trading between two institutions, often in private" |
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{{Short description|Financial trading between two institutions, often in private}} |
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'''Fourth market''' trading is direct institution-to-institution trading without using the service of [[broker-dealer]]s. It is impossible to estimate the volume of fourth market activity because trades are not subject to reporting requirements. Studies have suggested that several million shares are traded per day. |
'''Fourth market''' trading is direct institution-to-institution trading without using the service of [[broker-dealer]]s, thus avoiding both commissions,<ref name="Glossary" /> and the [[bid–ask spread]].<ref>{{cite web |title=Fourth Market Definition |url=https://www.investopedia.com/terms/f/fourthmarket.asp |publisher=[[Investopedia]] |access-date=31 May 2024 |language=en}}</ref><ref name="Gulfbase" /> Trades are usually done in [[block trade|blocks]]. It is impossible to estimate the volume of fourth market activity because trades are not subject to reporting requirements.{{Citation needed|date=March 2018}} Studies have suggested that several million shares are traded per day.{{Citation needed|date=March 2018}} |
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==See also== |
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*[[Primary market]] |
* [[Primary market]] |
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*[[Secondary market]] |
* [[Secondary market]] |
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*[[Third market]] |
* [[Third market]] |
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* [[Dark pool]] |
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==References== |
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{{Reflist|refs= |
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<ref name="Glossary">{{Cite web|url=http://www.nasdaq.com/investing/glossary/f/fourth-market|title=Fourth market|publisher=[[NASDAQ]]|access-date=26 March 2018}}</ref> |
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<ref name="Gulfbase">{{Cite web|url=http://www.gulfbase.com/InvestmentTutorial/Section?id=50|title=How Securities are Traded|publisher=Gulf Base|access-date=26 March 2018}}</ref> |
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}} |
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[[Category:Financial markets]] |
[[Category:Financial markets]] |
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Latest revision as of 04:31, 20 August 2024
Fourth market trading is direct institution-to-institution trading without using the service of broker-dealers, thus avoiding both commissions,[1] and the bid–ask spread.[2][3] Trades are usually done in blocks. It is impossible to estimate the volume of fourth market activity because trades are not subject to reporting requirements.[citation needed] Studies have suggested that several million shares are traded per day.[citation needed]
See also
[edit]References
[edit]- ^ "Fourth market". NASDAQ. Retrieved 26 March 2018.
- ^ "Fourth Market Definition". Investopedia. Retrieved 31 May 2024.
- ^ "How Securities are Traded". Gulf Base. Retrieved 26 March 2018.
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