Which one of the following statements is NOT true about secondary markets?

a.In Australia, most secondary equity market transactions take place on the Australian Securities Exchange (ASX).

b.Companies listed on the New York Stock Exchange (NYSE) tend to be, on average, larger in size and their shares trade more frequently than companies whose securities trade on Australian Securities Exchange (ASX).

c.In terms of total volume of activity and total capitalisation of the companies listed, the Australian Securities Exchange (ASX) is the largest in the world and the New York Stock Exchange (NYSE) is the second largest.

d.In terms of the number of companies listed and shares traded on a daily basis, the New York Stock Exchange (NYSE) is larger than the Australian Securities Exchange (ASX).