When evaluating the secondary market based on how the securities are traded, we can divide the market into two segments that are broker market and the dealer market.
After a company has sold its offering on the primary market, securities are traded in the secondary market.
It is also known as the stock market.
Secondary markets include the New York Stock Exchange (NYSE), the London Stock Exchange, and the Nasdaq.
There are two types of secondary markets: broker markets and dealer markets.
The open outcry system is used in the broker market, where buyers and sellers gather in one location and announce the prices at which they are willing to buy and sell their securities.
One such example is the New York Stock Exchange.
People trade in dealer markets, on the other hand, via electronic networks.
The majority of small investors transact through dealer markets.
Hence, the answer is broker market and dealer market.
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