third market

(finance) The trading of exchange-listed securities over the counter rather than through the exchange.

Japanese Meaning

（金融）取引所に上場している証券が、取引所を介さず店頭で取引される市場を指す。

Institutional investors often seek liquidity in the third market to execute large block trades without moving exchange prices.

機関投資家は大口の取引を取引所価格に影響を与えずに執行するために、しばしば取引所上場証券の店頭取引で流動性を求めます。

Sense（1）

(finance) The trading of exchange-listed securities over the counter rather than through the exchange.

Coordinate term: fourth market

third markets

（ plural ）