The Financial Industry Regulatory Authority (FINRA) this week added “to-be-announced” (TBA) MBS information to the Trade Reporting and Compliance Engine and plans on adding specified pool trading information next.
Ola Persson, FINRA vice president, told ASR sister publication National Mortgage News that there is not a set timeframe for the specified pool data to go live, but it has been approved and will be moving forward.
FINRA also continues to study collateralized MBS and other types of ABS for possible addition to TRACE, with consideration of their complexities and “different market dynamics,” Perrson said in a press statement. Together these make up 7% of the par value of all MBS/ABS traded, according to FINRA.
TBA MBS data that went live on TRACE this week include transaction information, CUSIPs, time of transaction, price and size.
TRACE, established in 2002, also is used to disseminate corporate bond information.