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 Glossary   >   F   >   "Fourth market" Definition   

        Fourth market

Direct trading of large in exchange-listed securities between investors without the use of a broker.

The market of securities trading without the participation of brokers, thus obviating commission costs. The market, which is computer based, mainly comprises large institutional investors such as mutual funds and insurance companies.

Fourth market


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Fourth market - Direct trading of large in exchange-listed securities between investors without the use of a broker.

The market of securities trading without the participation of brokers, thus obviating commission costs. The market, which is computer based, mainly comprises large institutional investors such as mutual funds and insurance companies.


Fourth market : direct trading of large in exchange-listed securities between investors without the use of a broker.

the market of securities trading without the participation of brokers, thus obviating commission costs. the market, which is computer based, mainly comprises large institutional investors such as mutual funds and insurance companies.