Market Structure Trading practices, and Costs ● Primary markets Shares offered for sale directly from the issuing compan ● Secondary markets Provide market participants with marketability and share valuation Irwin/McGraw-Hill Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rightsIrwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Market Structure, Trading Practices, and Costs ⚫ Primary Markets ◼ Shares offered for sale directly from the issuing company. ⚫ Secondary Markets ◼ Provide market participants with marketability and share valuation