What kind of market includes NASDAQ and non-NASDAQ trading?

The secondary market is where securities are bought and sold after their initial issuance. This includes exchanges like NASDAQ, where stocks are traded among investors. Non-NASDAQ trading also occurs in this market, where securities can be traded over-the-counter (OTC) or through other platforms, allowing for the transfer of ownership between parties without involving the issuing company.

In the secondary market, investors can trade existing securities among themselves, enabling liquidity and providing price discovery based on supply and demand. This market plays a crucial role in the overall financial ecosystem, facilitating transactions and enabling investors to liquidate their holdings. The mention of both NASDAQ and non-NASDAQ highlights the diverse avenues available within the secondary market for trading securities.