The market place where securities (stocks, bonds and shares), previously issued on the primary financial market Financial market The market for long-term capital. It comprises a primary market, where new issues are sold, and a secondary market, where existing securities are traded. Aside from the regulated markets, there are over-the-counter markets which are not required to meet minimum conditions. , are bought and sold. The stock-market, thus composed of dealers in second-hand transferable securities, is also known as the secondary market Secondary market The market where institutional investors resell and purchase financial assets. Thus the secondary market is the market where already existing financial assets are traded. .