This presentation, a companion to our Global Capital Markets & Financial Institutions Primer, reviews the structure of market segments including: - Primary Markets, where securities are created; - Secondary Markets, where existing stocks and bonds are traded among investors; - Post Trade Operations, the last phase of the trade lifecycle and the plumbing of the capital markets. The primer series from SIFMA Insights goes beyond a typical 101-level brief, breaking down important technical and regulatory nuances to foster a fundamental understanding of the marketplace and set the scene to address complex issues arising in today’s markets.