What are the different types of financial markets? Distinguish between primary market and secondary market. Di?

Luke Kosch: Your questions are so broad and general, it requires a book to answer. Look at the references here, then ask again if there's something you don't understand specifically. For example, there's no way for us to know how much you want to include in "secondary markets." Junk bonds, derivatives, warrants, timeshare, debt offerings, securities or just equities?Here is an excellent paper expaining the differencehttp://www2.bc.edu/~irelandp/ec261/chapter2.pdfhttp://www.sju.edu/~atezel/Tezrole_FM.ppthttp://www.oswego.edu/~edunne/342ex1rev.htmlhttp://spruce.flint.umich.edu/~mjperry/468-1.dochttp://www.slideshare.net/xmatch/financial-markets...Use Investopedia and Wikipedia for financial definitions:What Does Primary Market Mean?A market that issues new securities on an exchange. Companies, governments and other groups obtain financing through debt or equity based securities. Primary markets are facilitated by underwriting groups, which consist of investment banks that w! ill set a beginning price range for a given security and then oversee its sale directly to investors. Also known as "new issue market" (NIM). Investopedia explains Primary MarketThe primary markets are where investors can get first crack at a new security issuance. The issuing company or group receives cash proceeds from the sale, which is then used to fund operations or expand the business. Exchanges have varying levels of requirements which must be met before a security can be sold. Once the initial sale is complete, further trading is said to conduct on the secondary market, which is where the bulk of exchange trading occurs each day. Primary markets can see increased volatility over secondary markets because it is difficult to accurately gauge investor demand for a new security until several days of trading have occurred....Show more

Russ Kiernan: Primary Market is a market that issues new securities on an exchange. Companies, governments and other groups obtain! financing through debt or equity based securities. Primary ma! rkets are facilitated by underwriting groups, which consist of investment banks that will set a beginning price range for a given security and then oversee its sale directly to investors. Secondary Financial Market is a market where investors purchase securities or assets from other investors, rather than from issuing companies themselves. The national exchanges - such as the New York Stock Exchange and the NASDAQ are secondary markets....Show more

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