The secondary market is similar to other traditional market in some respects.It is the market for existing securities.It is the market where shares are bought and sold.An investor needs the service of a stockbroker to buy shares through the secondary market.Stockbrokers are intermediaries between buyers and sellers.They are the only people who are are authorised to buy and sell shares on the secondary market.The secondary market is the floor of the stock exchange.It is the place where trading is carried out.
The procedure for buying shares from the secondary marketis very simple.It is explained thus:
STEP1:Collect a CSCS account opening form from a licensed stockbroker of your choice.
STEP2:Fill in the neccessary details and return to your broker.
You can start buying shares after a CSCS account has been opened in your name
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