Select all that is/are true about the financial markets.

a. Financial markets bring the buyers and sellers of debt and equity together.

b. Stocks trading on an organized exchange such as the NYSE are also referred to as listed securities

c. Securities traded between two shareholders happen in the primary market.

d. When a firm first sells shares to the public this is a primary market transaction.

e. The OTC market has a central location and is also an auction market.

f. On a typical day in the US the largest volume of trading in auction markets occurs in the OTC market.