The secondary market comprises various participants, including:
Individual Investors: Retail investors who buy and sell securities for their personal investment portfolios. Institutional Investors: Entities such as mutual funds, pension funds, insurance companies, and hedge funds that trade large volumes of securities. Market Makers: Dealers who provide liquidity by being ready to buy and sell securities at any time, maintaining an inventory of securities. Brokers: Intermediaries who execute buy and sell orders on behalf of their clients.