STSM071090 - Companies and shareholders: introduction: trading shares in the secondary market
After they have been issued, shares may be traded between investors. This is known as the secondary market.
Trading may take place on an organised stock exchange or trading platform and subject to the rules and procedures of that exchange (바카라 사이트˜on-exchange바카라 사이트™), or between investors directly (바카라 사이트˜Over The Counter바카라 사이트™ (OTC), or 바카라 사이트˜off-exchange바카라 사이트™).
There are two main types of market operated by stock exchanges, order-driven and quote-driven. For more details see STSM122010.