The roles of a new issue market or a primary market are Origination, underwriting, distribution and mechanics of floating new issues.u003cbr/u003eu003cstrongu003eOriginationu003c/strongu003e: It is the work that is before the issue is actually floated into the market. It is the stage where the initial groundwork is done. Through this, the issues can understand the investment climate and whether the investors would subscribe to it or not.  The underlying condition for this role is the time of floating of an issue, type of issue and price of the issue.u003cbr/u003eu003cstrongu003eUnderwritingu003c/strongu003e: It is an undertaking or guarantee by brokers ensuring the marketability of the issue. The institution of the broker promises to purchase a specified number of shares if the public is not investing in the shares.u003cbr/u003eu003cstrongu003eDistribution and Mechanics of Floating New Issuesu003c/strongu003e: Distribution is the process of floatation of new issues and all their pre and post allotment procedures. Brokers and agents are in charge of this. They maintain a client list and contact them directly for securities purchases and sales.