What is upstairs and downstairs market?
Upstairs Market
The term upstairs market refers to a network that exists between large firms and institutional investors. This network involves large trades or block orders. Trades in these transactions are not submitted through a stock exchange, which means they are not visible to other market participants.
KEY TAKEAWAYS
The upstairs market is a network involving large firms and institutional investors.
Downstairs Market
A downstairs market (also known as a central market) is an on-exchange market (organized marketplace) where small orders are filled. This mechanism for matching sellers to buyers in large trades involves slicing a block trade into small chunks in order to avoid a substantial market impact. Through a downstairs market structure, investors can execute their orders in a gradual manner (in manageable pieces) without revealing the aggregate size of the trade. A downstairs market is a specialist/limit-order book structure as small orders get executed via a limit-order book with a specialist, rather than via a dealership market.
neechay ki markitin, ya stock aykschinjz, market mein un business ke sath likoyditi peda karti hain jo chhootey sarmaya karon, market sazoon, aur taajiron ke zareya injaam di jati hain jo asal mein manzil par hotay hain. oopar walay bazaar ke bar aks, jis mein barray tijarti hajam shaamil hotay hain, neechay ki market mein honay wali bissuness aam tor par choti hoti hain. 6 tijarat ki tafseelaat bhi dastyab hain, Bashmole qeematein aur tijarat shuda stock ki raqam .
Upstairs Market
The term upstairs market refers to a network that exists between large firms and institutional investors. This network involves large trades or block orders. Trades in these transactions are not submitted through a stock exchange, which means they are not visible to other market participants.
KEY TAKEAWAYS
The upstairs market is a network involving large firms and institutional investors.
- This market involves large blocks or high volumes of trade, which are made off the trading floor.
- Intermediaries are often involved in the upstairs market, which helps prevent insider trading.
- The upstairs market is the opposite of the downstairs market or stock exchanges.
- Regulators monitor the effects of trading in the upstairs market on retail investors.
Downstairs Market
A downstairs market (also known as a central market) is an on-exchange market (organized marketplace) where small orders are filled. This mechanism for matching sellers to buyers in large trades involves slicing a block trade into small chunks in order to avoid a substantial market impact. Through a downstairs market structure, investors can execute their orders in a gradual manner (in manageable pieces) without revealing the aggregate size of the trade. A downstairs market is a specialist/limit-order book structure as small orders get executed via a limit-order book with a specialist, rather than via a dealership market.
neechay ki markitin, ya stock aykschinjz, market mein un business ke sath likoyditi peda karti hain jo chhootey sarmaya karon, market sazoon, aur taajiron ke zareya injaam di jati hain jo asal mein manzil par hotay hain. oopar walay bazaar ke bar aks, jis mein barray tijarti hajam shaamil hotay hain, neechay ki market mein honay wali bissuness aam tor par choti hoti hain. 6 tijarat ki tafseelaat bhi dastyab hain, Bashmole qeematein aur tijarat shuda stock ki raqam .
