How does the secondary market work?

On ANote Music, you can purchase royalty interest directly from other investors. You can simply insert an order with the quantity and price that suits you.

ANote Music’s 'Marketplace' (or music exchange) is where anyone can buy or sell shares that have completed the auction phase, so investors trade catalogues, create liquidity and promote a fair pricing model.

While the minimum (starting) price for auctions is determined by the original transferor, prices in the secondary market are based on trading books of pending orders. Whenever sell and buy prices match, a new market price is determined and a transaction is recorded on our blockchain.

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