Question: What is the difference between third and fourth markets? A third market involves trading in corporate debt, while a fourth market involves trading in corporate

What is the difference between third and fourth markets? A third market involves trading in corporate debt, while a fourth market involves trading in corporate equities. A third market involves trading in corporate equities, while a fourth market involves trading in corporate debt. 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. A third market involves trading exchange-listed securities in OTC markets, while a fourth market trading involves institution-to-institution trading without using the services of brokers or dealers.

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