Fourth market trading is direct institution-to-institution trading without using the service of broker-dealers. It is impossible to estimate the volume of fourth market activity because trades are not subject to reporting requirements.
例句与用法
1.
There is also a “ third market ” which is the over - the - counter trading of listed stocks and a “ fourth market ” where large institutions trade directly with each other without going through brokers “三级市场”也进行上市股票的场外交易，大型机构在“四级市场”直接交易而不通过经纪人。
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