FINRA Puts TRACE on ABS Data

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The Financial Industry Regulatory Authority (FINRA) has begun disseminating transaction information for approximately 3,500 trades per day in asset-backed securities (ABSes) via its Trade Reporting and Compliance Engine (TRACE), to increase transparency in ABS markets.

The data includes time of trade, price and volume for specified pool transactions in agency pass-through mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, as well securities backed by loans guaranteed by the Small Business Association.

Users will be able to access the information via third-party data vendors, while retail investors will have free access to the data on FINRA's website from Monday, July 29.

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