Secondary market transactions occur on stock exchanges. Dark pool transactions in large blocks are known as the fourth market while buying an IPO before the stock is listed on an exchange is the primary market.

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Unit 1 Unit 2 Unit 3 Unit 4

Which of the following transactions takes place in the secondary market?

A broker dealer sells an OTCQX stock to a hedge fund.

An institution transacts a 1 million share block in dark pool.

A customer buys an IPO before it is listed on the NYSE.

A customer places a trade to sell a stock and it is executed on the NASDAQ.