References
- ↑ What is third market
- ↑ Boyd L. Jefferies Dies at 70; Headed Institutional Broker. New York Times, August 25, 2001
In finance, third market is the trading of exchange-listed securities in the over-the-counter (OTC) market. These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. [1]
Third market trading was pioneered in the 1960s by firms such as Jefferies & Company although today there are a number of brokerage firms focused on third market trading, and more recently dark pools. [2]
 | This economics-related article is a stub. You can help Wikipedia by expanding it. |