are the secondary and stock market the same 
most people consider the stock market to be the secondary market this is where securities are traded after they are issued for the first time on the primary market for instance company x would conduct its initial public offering on the primary market once complete its shares are available to trade on the secondary market major stock exchanges like the nyse and nasdaq are secondary markets who are the major players in the secondary market the key participants in the secondary market are the broker dealers who facilitate trades investors who initiate buy and sell activity as well as any intermediaries such as banks financial institutions and advisory service companies 