Which of the following statements is true about secondary markets in the United States? In terms of total stock value of the firms listed, the NASDAQ is the largest in the world and the NYSE is the second larges NASDAQ is an OTC (over-the-counter) market. Firms listed on the NASDAQ tend to be, on average, larger in size, and their shares trade more frequently than those traded In the United States, most secondary market transactions are done over the counter