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English definition of “fourth market”

fourth market

noun [S]
 
 
STOCK MARKET
the buying and selling of shares directly between banks, financial companies, etc. rather than on a stock exchange: It is impossible to estimate the volume of fourth market activity because trades are not subject to reporting requirements.
→  Compare primary market , secondary market , third market
(Definition of fourth market from the Cambridge Business English Dictionary © Cambridge University Press)
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