Third Market

Third Market
What It Is:
The third market is an over-the-counter (OTC) market in which brokers and large institutional investors trade exchange-listed securities between one another.

Definition
Third market
Over-the-counter market trading of listed stocks by institutional investors and non-exchange-member broker/dealers. Transaction sizes are usually large.
RELATED TERMS ...

Third markets are markets in which listed securities are traded over the counter by investors that are not listed with a stock exchange.

Third market
Trading of stock exchange listed securities in the over-the-counter market by non-exchange-member brokers.
Ticker ...

Third market A market in which securities are traded over-the-counter by institutional investors and broker/dealers for their own accounts (rather than for lay investors).

Third Market
Trading by non exchange-member brokers/dealers and institutional investors of exchange-listed stocks.

Third market
Exchange-listed securities trading in the OTC market.
Thirty-day visible supply
The total volume in dollars of municipal bonds with maturities of 13 months or more that should reach the market within 30 days.

Third market
Exchange-listed securities trading in the OTC market
Thrift institution
An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.

third market Over-the-counter trading of listed securities among institutional investors... third party A party that is directly involved in a transaction or agreement in addition to the principals.

See Trade Acceptance and Reconciliation ServiceSM third market
Over-the-counter trading of exchange-listed securities among institutional investors and broker/dealers for their own accounts (not as agents for buyers and sellers).

For a stock that is listed on an exchange, such as the New York Stock Exchange (NYSE), your broker may direct the order to that exchange, to another exchange (such as a regional exchange), or to a firm called a "third market maker.

Designated reporting member: A broker/dealer who engages in many third market trades, and is designated as such.
Developmental drilling: Drilling oil or gas wells in an area of known production.

The market for securities in which large investors bypass exchanges and dealers in order to trade directly among themselves. Compare secondary market, third market. See also Autex, Instinet®.
Learn more about fourth market ...

Nonmember firm
Used for listed equity securities. Brokerage firm that is not a member of an organized exchange (NYSE). Such firms execute trades either through member firms, or on regional exchanges where they are members, or in the third market.

the first time in all the major stock exchanges - there are even specialized entry markets for this kind of companies or stock indexes tracking their performance (examples include the Alternext, CAC Small, SDAX, TecDAX, or most of the third market ...

See also: Market, Exchange, Stock, Broker, Securities