> For the complete documentation index, see [llms.txt](https://docs.verified.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.verified.network/reference/verified-sdk/secondary-issues.md).

# Secondary issues

Licensed Registrar and Transfer agents can create liquidity pools for secondary trading of tokenized securities. These can be security tokens that have closed a primary issue on the Verified Network or can be security tokens that have a market cap offchain.

Secondary pools on the Verified Network support market and limit order matching entirely on chain. 

Orders can be [added](/reference/verified-rest-api/order-management/add-order.md), [edited](/reference/verified-rest-api/order-management/edit-order.md) and [cancelled](/reference/verified-rest-api/order-management/cancel-order.md) by users on the Verified Network. Trades (Orders that are matched) need to be settled by the counterparties to the trade (ie, by both the buyer and seller). [Market data](/reference/verified-rest-api/market-data.md), data on [orders](/reference/verified-rest-api/market-data/get-orderbook.md) and [trades](/reference/verified-rest-api/order-data/query-trades-info.md) for secondary pools can also be fetched using the REST APIs.