Secondary market funds are purchased on the brokerage platform. Secondary market funds refer to funds traded in stock exchanges. Investors can only trade through the brokerage platform, and investors need to open an on-site fund account or a stock account to trade.

Secondary market funds include ETF funds, closed-end funds, and on-site LOF funds. Like stock trading, these funds trade according to the real-time market price and follow the principle of price priority and time priority.