Posted byadmin October 22, 2019December 19, 2019 The ECSE provides a primary and a secondary market for trading securities. In the primary market, a public company or government (issuer) sells its securities for the first time to investors to raise capital to support its operations. The funds generated from this sale of securities go to the issuer. In the secondary market, investors buy and sell securities among themselves. The proceeds from this trading activity go to the investors, not back to the original issuer.