Question: 33) What is the difference between third and fourth markets? A. A third market involves trading exchange-listed securities in OTC markets, while fourth market trading

33) What is the difference between third and fourth markets?

A. A third market involves trading exchange-listed securities in OTC markets, while fourth market trading involves institution-to-institution trading without using the services of brokers or dealers.

B. A third market involves trading institution-to-institution trading without using the services of brokers or dealers, while a fourth market involves trading exchange-listed securities in OTC markets.

C. A third market involves trading in corporate equities, while a fourth market involves trading in corporate debt. D. A third market involves trading in corporate debt, while a fourth market involves trading in corporate equities. E. A third market involves trading in call options, while a fourth market involves trading in warrants.

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