Fourth market
Fourth market trading is direct institution-to-institution trading without using the service of broker-dealers, thus avoiding both commissions, and the bid–ask spread. Trades are usually done in blocks.
Fourth market trading is direct institution-to-institution trading without using the service of broker-dealers, thus avoiding both commissions, and the bid–ask spread. Trades are usually done in blocks.
Fourth market trading is direct institution-to-institution trading without using the service of broker-dealers, thus avoiding both commissions, and the bid–ask spread. Trades are usually done in blocks.
Source: Wikipedia "Fourth market" · CC BY-SA 4.0
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