Meaning of “third market” in the English Dictionary

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"third market" in Business English

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third marketnoun [ S ]

uk us 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.

(Definition of “third market” from the Cambridge Business English Dictionary © Cambridge University Press)