Hello, from the point of view of commodity circulation, the location of the general marketing office or the provincial level of product circulation is called the primary market. In the financial market, the primary market is a financial market where companies or government agencies that raise funds sell their newly issued securities, such as stocks and bonds, to initial buyers.

The secondary market is the trading place and circulation market of securities and the trading place of issued securities. Stock markets in various countries are generally secondary markets.

There is no difference between the primary futures market and the secondary futures market. New contract futures products will not be issued and underwritten, but new product futures products will have listing instructions when they are listed. The listing price is set freely by the people in the secondary market, and there is no difference between the first and second grades!