By Investment U Research Team There are different channels governing securities exchange. When it comes to capital markets, the biggest distinction comes at the highest level: between the primary and secondary market. The two work in tandem to create capital markets as we know them. One is a direct channel to capital raising; the other is a medium of exchange for debt and equity securities.
The difference between primary and secondary markets rests primarily in their functions and who has access to them. Both are of equal importance. Here’s a look at how they work, what makes them different and what their purpose is.
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