Järelturud

Järelturud refer to the markets where securities, once issued and sold in the primary market, are subsequently traded among investors. This is the most common type of market activity and encompasses exchanges like stock exchanges and over-the-counter markets. In the järelturg, investors buy and sell existing securities from other investors, rather than directly from the issuer. The primary function of the järelturg is to provide liquidity, allowing investors to easily convert their holdings into cash. This liquidity is crucial for the efficient functioning of the financial system, as it encourages investment in the primary market by assuring investors they can exit their positions if needed.

The järelturg plays a vital role in price discovery. The continuous trading of securities by numerous participants, each with their own expectations and information, helps to establish a fair market value for those securities. Prices in the järelturg reflect the collective judgment of investors regarding the issuer's performance, future prospects, and broader economic conditions. Different types of järelturud exist, including organized exchanges which offer standardized trading environments and regulations, and over-the-counter (OTC) markets where trading occurs directly between parties. The efficiency and transparency of the järelturg are key indicators of a healthy financial market.