// Workers AI · dad joke modeWhat did the third market say? It's a third wheel.
In finance, third market is the trading of exchange-listed securities in the over-the-counter (OTC) market. These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers.[1]
Third market trading was pioneered in the 1960s by firms such as Jefferies & Company although today there are a number of brokerage firms focused on third market trading, and more recently dark pools.[2]
See also
[edit]References
[edit]- ↑ What is third market
- ↑ Boyd L. Jefferies Dies at 70; Headed Institutional Broker. New York Times, August 25, 2001
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