Features of Secondary Market
An efficient secondary market should provide the following things
- Accurate information should be available timely basis. There should not be any delay in providing the accurate trading information.
- Liquidity. An efficient market should provide the adequate liquidity for trading. That will happen if adequate number of buyers and sellers are present in the market.
- Transactions should be efficient and it should provide low transaction cost to attract more investors or traders.
- All the new information should be reflected in the share price within the minimum possible time.
All the investors and traders should receive the public information at the proper time.