2007-05-13 16:25:47 · 4 answers · asked by jambug23 1 in Business & Finance ➔ Investing
The gray market is the unofficial market where financial institutions trade issues, that do not officially exist yet. This might be IPOs or any other issues, like derivatives, that will come into existence in the future.
2007-05-13 23:38:12 · answer #1 · answered by Sue_C 5 · 0⤊ 0⤋
Well the black market was full of con-men and virtual thieves specialising in procuring stuff that was in short supply. It has since developed into a market whereby cash transaction are hidden. I can only assume that the gray market is a watered -down version of this ?
2007-05-13 23:35:33 · answer #2 · answered by Ted 3 · 0⤊ 0⤋
Some countries (look at Brazil) have an informal economy or "grey market" that thrives parallel to the legal economy. Many people find it hard to start businesses, make transactions, etc. because of regulations, tariffs, corruption, etc. so they just go into business without a license, don't pay taxes, and may take loans out with people who act as a bank of sorts, without the red tape...
How's that for an answer?
2007-05-16 20:14:50 · answer #3 · answered by PogiSailor 1 · 0⤊ 0⤋
Gray Market
An unofficial market where new issues of shares are bought and sold before they become officially available for trading on the stock exchange.
Scroll down to "investment dictionary" heading in link below. (I work in the financial industry and this is the only definition [above] that we use).
http://www.answers.com/topic/grey-market
2007-05-14 00:38:05 · answer #4 · answered by Alletery 6 · 0⤊ 0⤋