Fourth Market

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Dictionary Says

Definition of 'Fourth Market'

The trading of exchange-listed securities between institutions on a private over-the-counter computer network, rather than over a recognized exchange such as the New York Stock Exchange (NYSE) or Nasdaq. Trades between institutions will often be made in large blocks and without a broker, allowing the institutions to avoid brokerage fees.
Investopedia Says

Investopedia explains 'Fourth Market'

For example, when a mutual fund and a pension fund enter into a large block trade with each other, this would generally occur in the fourth market and usually over an electronic communication network. By executing the transaction this way, both parties avoid brokerage and exchange transaction fees. They also avoid the possibility of distorting the market price or the volume traded on an exchange.
Search results for

'Fourth Market'

  • Series 7 Study Guide - Securities Markets - The Currency Market ...

    http://www.investopedia.com/exam-guide/series-7/securities-markets/currency-forex-market.asp
    ... The fourth market involves the direct trading of large blocks of securities
    via an off-exchange electronic network. The most widely ...

  • A Look At Primary And Secondary Markets

    http://www.investopedia.com/articles/02/101102.asp
    ... The fourth market is made up of transactions that take place between large
    institutions. The main reason these third and fourth ...

  • Series 65 Study Guide - Trading Securities - Securities ...

    http://www.investopedia.com/exam-guide/series-65/trading-securities/securities-terminology.asp
    ... Fourth market - refers to the direct trading of large blocks of stocks between
    institutions, such as mutual funds, pension plans, etc. ...

  • An Oversold Market Means Bargains

    http://stocks.investopedia.com/stock-analysis/2010/An-Oversold-Market-Means-Bargains-AIG-X-R-MOT-IVZ0209.aspx
    ... Ryder System (NYSE:R) not only got caught up in the market sell-off, but also reported
    earnings for the fourth quarter of 2009 that missed analyst's estimates. ...

  • IPO Market Slows Down With Market Correction

    http://stocks.investopedia.com/stock-analysis/2010/IPO-Market-Slows-Down-With-Market-Correction-IRWD-MJN0210.aspx
    ... Things started to pick up toward the end of 2009. The fourth quarter saw
    32 IPOs come to market, followed by seven in January, 2010. ...

  • Mattel Pleases The Market

    http://stocks.investopedia.com/stock-analysis/2011/Mattel-Pleases-The-Market-MAT-HAS-LF-RCRC-JAKK0204.aspx
    ... NYSE:HAS), has some analysts lowering their expectations for its fourth quarter
    and ... Looks Mattel's report which beat estimates was well received by the market. ...

  • 7 Market Anomalies Investors Should Know

    http://www.investopedia.com/articles/financial-theory/11/trading-with-market-anomalies.asp
    ... investors will often avoid buying underperforming stocks in the fourth quarter and
    wait ... with below-average price-to-book ratios tend to outperform the market. ...

  • Mobile Phone Market Share Being Redistributed

    http://stocks.investopedia.com/stock-analysis/2010/Mobile-Phone-Market-Share-Being-Redistributed-MOT-AAPL-GOOG-NOK0301.aspx
    ... annoyances to the two leaders rather than actual market share threats, though that
    may be changing soon. When you dig down deeper, and into fourth-quarter sales ...

  • Top Institutional Sells

    http://stocks.investopedia.com/stock-analysis/2010/Top-Institutional-Sells-LOW-MSFT-RIMM-GENZ-HPQ1222.aspx
    ... With a market in the midst of a fourth-quarter rally thanks to the helping hand
    of the Fed, its difficult to suggest that institutional sales of attractively ...

  • Earnings To Watch For Next Week

    http://stocks.investopedia.com/stock-analysis/2012/Earnings-To-Watch-For-Next-Week-GOOG-INTC-MSFT-BAC-WFC0117.aspx
    ... expect Google to report roughly $10.48 a share, up significantly from the $8.75
    per figure of the 2010 fourth quarter. That same day, the market will hear from ...

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