Fourth market

Fourth market trading is direct institution-to-institution trading without using the service of broker-dealers, thus avoiding both commissions,[1] and the bid–ask spread.[2][3] Trades are usually done in blocks. It is impossible to estimate the volume of fourth market activity because trades are not subject to reporting requirements. Studies have suggested that several million shares are traded per day.

See also

References

  1. ^ "Fourth market". NASDAQ. Retrieved 26 March 2018.
  2. ^ "Fourth Market Definition". Investopedia. Retrieved 31 May 2024.
  3. ^ "How Securities are Traded". Gulf Base. Retrieved 26 March 2018.
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