5. St Financial Markets and institutions Stock Market The most active secondary market and the most important one to financial managers, is the stock market where the prices of firma sto establisher number of different stock markets, however, the two leaders are the New York Stock Exchange, which is (n) exchange, and the NASDAG, which is market. The New York Stock Exchange is a tangible entity that conducta auction markets in sted securities Stock market transactions can be suited into three distinct categories (1) outstanding there of established publldy owned companies are traded in the mariet (2) ditional shares sold by established publldy owned companies in the market and (3) initial public offer privately held is in the mat