Transferring Financial Assets

Several types of financial institutions facilities or assist the processes of lending and selling securities. Brokerage firms market and facilitate the transferring of existing "seasoned" instruments and securities. Also, if share of stock are to be sold to the general public, it is desirable to have a ready market in which such stocks can be resold when the investor desires. Organized stock exchanges and the over-the-counter market provide active secondary markets for existing securities. The ability to buy and sell securities both quickly and at "fair market values" is important in an efficient financial system.