One of the essential steps of investing is to know the key players in the capital market and their roles. A capital market is a market where fund providers and capital seekers meet beyond the banking system. There are two types of market in the capital market: primary and secondary markets. Each market has its players and their respective roles. In addition, careers are also available across the capital markets that may suit your desired potential occupation.Primary vs. Secondary MarketsPrimary Market: is the market where government or corporations’ securities are issued for the first time. In this market, there are four key players: corporations (capital seekers), institutions (fund providers), investment banks (intermediaries), and public accounting firms (analysis service). Initial Public Offering (IPO) occurs within this type of market. Corporations use this market to expand or grow business or, if it is necessary, they use it to arrange collected capital for working capital needs. On the other hand, the government can finance its national budget by issuing government bonds in this market. Secondary Market: is the market where previously issued securities in IPO are exchanged via intermediaries, such as investment banks or stock brokerage companies. Within this market, investors can easily trade securities. It enables both existing investors and new investors to sell their securities. Additionally, it equips existing securities with liquidity and marketability.Four Key Players in the Primary Market1) Corporations or Governments (Capital Seekers)The corporation is one of the key players in the primary capital market. A business entity needs capital to grow and run its operations.