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A-Team Insight Blogs

Interactive Data and FINRA Provide Transparency into Structured Securities Market

Interactive Data Corporation, a leading provider of financial market data, analytics, and related solutions, today announced that Interactive Data and the Financial Industry Regulatory Authority (FINRA) have developed a set of reports designed to provide transparency into market activity related to U.S. structured securities on a daily basis. The reports consist of the U.S. Structured Trading Activity Report and the U.S. Structured Trading Pricing Tables.

The reports incorporate FINRA’s Trade Reporting and Compliance Engine (TRACE) data, offering an aggregate summary of daily transactions in the U.S. structured securities market by asset class. The U.S. Structured Trading Activity Report will include the volume of transactions, number of trades, and number of unique securities. The U.S. Structured Trading Pricing Tables offer more detailed asset categories by asset class and include average prices, volume by trade size, and buy or sells.

These reports are available on FINRA’s website and to Interactive Data’s clients via Vantage, a new web application that will provide clients with extensive data and transparency into the fixed income market and the Company’s evaluations.

“The continued volatility in the global financial markets underscores the need for greater transparency,” said Liz Duggan, managing director, Global Evaluations for Interactive Data. “The U.S. Structured Trading Activity Report has been designed to help investment professionals obtain access to market data that is critical for decision making. We will continue to work closely with FINRA to advance transparency initiatives that can benefit the financial services industry, and expect additional offerings later this year.”

“For the first time, securitized products data including a market activity report and pricing tables will be available to the public,” said Steve Joachim, FINRA Executive Vice President. “The ability to generate this level of transparency in the ABS and MBS markets is critical to investors, particularly during volatile economic conditions.”

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