Exchange-listed securities trading in the OTC market. Bloomberg Financial Dictionary
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In the US, the trading of exchange-listed securities on the OTC market by non-exchange member broker-dealers and institutional investors. Exchange Handbook Glossary
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third market UK US 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(Cf. ↑fourth market), OVER-THE-COUNTER MARKET(Cf. ↑over-the-counter market), PRIMARY MARKET(Cf. ↑primary market), SECONDARY MARKET(Cf. ↑secondary market)
Financial and business terms. 2012.