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SECONDARY MARKET
SUBJECT : Financial Management
AUTHOR : Mohammed Arif pasha
PUBLISHED ON : 19/12/17
NUMBER OF PAGES : ( 13 Pages)
PRICE : Rs 7.8

The market where the existing securities are traded is referred to as the secondary market or stock market. Here the purchases and sales of securities whether government or semi-government bodies or other public bodies and also shares and debentures issued by joint stock companies are affected. The securities of government are traded in the stock market as a separate component called gilt edged market. Government securities are traded outside the trading wing in the form of over the counter sales or purchases. Another component of the stock market deals with trading in shares and debentures of limited companies.