The secondary market is where the securities are traded by investors, after launch.

The secondary market is where less traders go, because it's less attractive.

The primary market is where most traders go, because it's the most attractive.

Investment management ensures that the returns are maximized while minimizing risk and that the clients objectives are met

Financial management involves decisions on capital budgeting, capital structure and working capital management.

Investment management involves decisions on capital budgeting, capital structure and working capital management.

Financial management ensures that the returns are maximized while minimizing risk and that the clients objectives are met

A market where traders must be physically present

A market where everything is phone-based or computer-based

A market that has no physical location

An interbanking market, where trading can take place outside trading hours of exchanges.

Traders can be physically present (called open outcry)

Trading can be phone-based or computer-based.

Trading is only performed during trading hours.

The market always needs physical location, where traders can meet in person.