Posted byadmin October 22, 2019July 22, 2020 The ECSE provides a primary and a secondary market for trading securities. In primary markets, an issuer – a public company or a government 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 secondary markets, investors buy and sell securities among themselves. The proceeds from this trading activity go to the investors, not to the original issuer.