Describe the basic structure of secondary markets. Be sure to differentiate between broker markets and dealer markets.

Question:

Describe the basic structure of secondary markets. Be sure to differentiate between markets and markets.
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for... Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...