In the capital market- & long-term investment horizons are traded in the capital market. For example, investors can buy assets such as stock & preference share capital. They can keep them for a long time. The capital markets are separated into two groups once more: the primary market and the secondary market.    Primary market   The primary market is where listed firms issue their first securities through IPO. It’s also where corporations that are currently publicly traded issue new securities. It could be through follow-on public offerings (FPOs). In the primary markets, transactions are between firms and their stockholders.   Secondary market Existing securities of publicly traded firms are traded on stock exchanges. Obviously, between investors in the secondary market. It’s where youbuye and sell stocks.