> 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

Secondary trading of security tokens with market cap

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.