Third Market

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Dictionary Says

Definition of 'Third Market'

Trading by non exchange-member brokers/dealers and institutional investors of exchange-listed stocks. In other words, the third market involves exchange-listed securities that are being traded over-the-counter between brokers/dealers and large institutional investors.
Investopedia Says

Investopedia explains 'Third Market'

Before selling an exchange-listed security to a nonmember, a member firm must fill all limit orders on the specialist's book at the same price or higher. Typical institutional investors who take part in the third market include investment firms and pension plans.
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'Third Market'

  • A Look At Primary And Secondary Markets

    http://www.investopedia.com/articles/02/101102.asp
    ... counter electronic networks. The third market comprises OTC transactions
    between broker-dealers and large institutions. The fourth ...
  • Understanding Order Execution

    http://www.investopedia.com/articles/01/022801.asp
    ... Obviously, they may be more inclined to internalize an order to profit on the spread
    or send an order to a regional exchange or willing third market maker and ...
  • Series 65 Study Guide - Trading Securities - Securities ...

    http://www.investopedia.com/exam-guide/series-65/trading-securities/securities-terminology.asp
    ... exchanges. Third market - refers to the OTC trading of NYSE-listed stocks,
    typically after the exchange is closed. Fourth market ...
  • S&P 500 Winners - Third Quarter Of 2011

    http://stocks.investopedia.com/stock-analysis/2011/SP-500-Winners---Third-Quarter-Of-2011-MMI-GR-AAPL-NEM-VFC1004.aspx
    ... the five best performing stocks in the S&P 500 during the third quarter of 2011,
    and details how they did so well during a terrible quarter for the market. ...
  • S&P 500 Losers - Third Quarter Of 2011

    http://stocks.investopedia.com/stock-analysis/2011/SP-500-Losers---Third-Quarter-of-2011-ANR-NFLX-AKS-FSLR-X-AMZN1007.aspx
    ... The S&P 500 (NYSE:SPY) fell 14% in the third quarter of 2011, as the market feared
    the dual threat of a Greek sovereign debt default and a renewed contraction ...
  • Is Third Time The Charm For Gilead?

    http://stocks.investopedia.com/stock-analysis/2011/Is-Third-Time-The-Charm-For-Gilead-GILD-VRUS-VRTX-JNJ-MRK-ACHN-INHX-BMY-GSK1122.aspx
    ... Is Third Time The Charm For Gilead? ... The real question for shareholders, though, is
    whether the extreme competition in the Hep C market will whittle away the ...
  • The Market And Presidential Promises

    http://www.investopedia.com/articles/financial-theory/08/presidential-election-cycle.asp
    ... and do relatively poorly when monetary policy is restrictive; therefore, it is no
    coincidence that the stock market is generally strong in the third year of a ...
  • Niobrara Shale - Third Quarter 2011 Earnings

    http://stocks.investopedia.com/stock-analysis/2011/Niobrara-Shale---Third-Quarter-2011-Earnings-REXX-CLR-APA-EOG-DVN1017.aspx
    ... The release of earnings for the third quarter of 2011 may be the platform for ... recently
    reported that Apache Corp (NYSE:APA) has started to market its Niobrara ...
  • 3 Key Signs Of A Market Top

    http://www.investopedia.com/articles/trading/10/signs-of-market-top.asp
    ... or move lower) along with the market, this may be a sign of weakness in the market.
    Weakness means prices will break immediately; therefore, a third signal is ...
  • Energy Sector - Third Quarter 2011 Issues

    http://stocks.investopedia.com/stock-analysis/2011/Energy-Sector---Third-Quarter-2011-Issues-CHK-LUFK-NFG-SLB-NFX-PTEN-XES-XOP1014.aspx
    ... Newfield Exploration may use the third quarter conference call to disclose additional ...
    NYSE:XES) ETF attempt to replicate sub indexes of the overall market. ...

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