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Nancy Condon (202) 728-8379

FINRA Launches New Securitized Product Tables

Securitized Product Pricing and Market Activity Tables to Provide More Transparency in Marketplace

WASHINGTON — The Financial Industry Regulatory Authority (FINRA) today announced that FINRA and Interactive Data Corporation have created market activity and pricing-related tables for securitized products to provide investors and other market participants insight into asset and mortgage-backed securities transaction data reported to the Trade Reporting and Compliance Engine® (TRACE®).

The tables, which are available on FINRA's website and in the Market Data Center, will be updated every trading day after market close.

Steven Joachim, FINRA Executive Vice President, Transparency Services, said, "For the first time, securitized products data, including pricing tables and a market activity table – based on actual, consolidated transaction information – will be available to the public. Dissemination of these tables is the first step FINRA plans to take toward increased transparency in the securitized product market."

The tables incorporate FINRA's TRACE data, offering an aggregate summary of daily transactions in the U.S. securitized products market by asset class. Investors and other market participants will be able to use these tools to gauge market activity and price levels. The U.S. Structured Trading Activity Report includes the volume of transactions, number of trades and number of unique securities transacted, allowing investors to better gauge liquidity and market sentiment. The U.S. Structured Trading Pricing Tables offer more detailed categories by asset class and include average price, volume by trade size, and buy or sell information. The five pricing tables show aggregated price levels as well as volume of the following products: MBS pass-through securities and TBAs (to-be-announced, forward MBS trades) respectively, Agency and Non-Agency CMOs, CMBS, ABS and CDOs.

TRACE is FINRA's over-the-counter (OTC) fixed income real-time transaction reporting and dissemination service. TRACE consolidates transaction data for all eligible corporate bonds, agency debentures, and asset- and mortgage-backed securities. Transactions in corporate bonds and agency debentures are subject to dissemination, and as a result individual investors and market professionals can access information on 100 percent of OTC activity executed by FINRA member firms.

About FINRA
FINRA, the Financial Industry Regulatory Authority, is the largest independent regulator for all securities firms doing business in the United States. FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. FINRA touches virtually every aspect of the securities business – from registering and educating all industry participants to examining securities firms, writing rules, enforcing those rules and the federal securities laws, informing and educating the investing public, providing trade reporting and other industry utilities, and administering the largest dispute resolution forum for investors and firms. For more information, please visit www.finra.org.

About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has over 2,500 employees in offices worldwide.

Pricing, evaluations and reference data are provided in the US through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.

Interactive Data Media Contacts:
Brian Willinsky (US media)
Tel: +1 339-203-0769
Email: [email protected]

Louise Butler (European and Asia Pacific media)
Tel: +44 (0)20 7825 8514
Email: [email protected]