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What is the secondary market, and how does it work?
What is the secondary market, and how does it work?

secondary market, trading, orders, trades, order depth, bid, sell, buy

Maria avatar
Written by Maria
Updated over 2 years ago

The secondary market is where the trading of shares take place.

When a music asset is first released on Tangy Market, there's a fixed amount of shares with a fixed prize. After all shares have sold, the trading between share owners begins.

To buy and sell shares on the secondary market, simply put a bid and choose your own price. When your bid is matched with a seller or buyer on the market, the transaction goes through.

Find bought shares in Portfolio > Shares.

Find sold shares in Portfolio > Trades.

Find unmatched, pending bids in Portfolio > Orders.

Tips! Take a look at the order depth to see the current bids on the market. If your bid doesn't go through, try another price.

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