What Is the Difference Between Third and Fourth Markets

question 250

Multiple Choice

What is the difference between third and fourth markets?

• A) A third market involves trading exchange-listed securities in OTC markets, while a fourth market trading involves institution-to-institution trading without using the services of brokers or dealers.
• B) A third market involves trading institution-to-institution trading without using the services of brokers or dealers, while a fourth market involves trading exchange-listed securities in OTC markets.
• C) A third market involves trading in corporate equities, while a fourth market involves trading in corporate debt.
• D) A third market involves trading in corporate debt, while a fourth market involves trading in corporate equities.
• E) A third market involves trading in call options, while a fourth market involves trading in warrants.

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