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English definition of “third market”

third market

noun [S]
 
 
FINANCE, STOCK MARKET
a market in which financial organizations buy and sell shares directly rather than through a stock market: The firm is the biggest broker of Eurobonds and sovereign debt and is the largest third market for US equities. → Compare fourth market, over-the-counter market, primary market, secondary market
(Definition of third market from the Cambridge Business English Dictionary © Cambridge University Press)
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