third market

noun

Definition of third market 

: the over-the-counter market in listed securities

Examples of third market in a Sentence

Recent Examples on the Web

Baltimore County will become the third market for Gotham Greens, which also has greenhouses in Chicago and New York. Sarah Meehan, baltimoresun.com, "Urban farm coming to former Sparrows Point steel mill site in Baltimore County," 8 May 2018 Louisville is Kroger’s third market to take on the system, said Anaris Sickles, the Scan, Bag, Go launch manager for the company. Maggie Menderski, The Courier-Journal, "You can now speed through those often-clogged Kroger checkout lines in half a minute," 11 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'third market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of third market

1964, in the meaning defined above

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The first known use of third market was in 1964

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More Definitions for third market

third market

noun

Financial Definition of third market

What It Is

The third market is an over-the-counter (OTC) market in which brokers and large institutional investors trade exchange-listed securities between one another.

How It Works

The third market is an OTC venue in which brokers and institutional investors (e.g., insurance companies and mutual funds) trade securities listed and publicly traded on a registered exchange (e.g., NYSE or AMEX). Unlike most exchange trading, buyers and sellers in the third market trade with each other for the benefit of their own portfolios rather than in an agency capacity on clients' behalf.

Why It Matters

The third market brings together large investors willing and able to purchase and sell their own securities holdings for cash and immediate delivery. Securities can be purchased at lower prices in the third market because of the absence of broker's commissions.

Source: Investing Answers

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