It is a place where shares of pubic listed companies are traded.whith dealing representatives The first market is where companies float shares to the public in an initial public offering to raise capital.
Once new securities have been sold in the primary market, they are traded in the secondary market—where one investor buys shares from another investor at the prevailing market price or at whatever price both the buyer and seller agree upon. The secondary market or the stock exchanges are regulated by the regulatory authority. In India, the secondary and primary markets are governed by the Security and Exchange Board of gaverment
market dealers whith dealing representatives are different than: -Full service investment dealers which engage in trading for all types of clients including retail clients and are required to be members of the self-regulatory organization