The U.S. Financial Industry Regulatory Authority is now publishing data on securitized products for investors, FINRA said Tuesday.
FINRA and Interactive Data Corp. have created market activity and pricing tables for securitized products, which it says will provide investors with insight into asset and mortgage-backed securities transaction data which is reported to its trade reporting service (TRACE). The tables, which are available on FINRA’s website, will be updated every trading day after market close.
The tables incorporate FINRA’s TRACE data, offering an aggregate summary of daily transactions in the U.S. securitized products market by asset class. It will report the volume of transactions, number of trades and number of unique securities transacted, “allowing investors to better gauge liquidity and market sentiment”.
And, the pricing tables data will include average price, volume by trade size, and buy or sell information, along with aggregated price levels and volume for various mortgage-backed securities, asset-backed securities, collateralized mortgage obligations and collateralized debt obligations.
“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,” says Steven Joachim, FINRA executive vice president, transparency services.