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FINRA-ICE Data Services Structured Trading Activity Reports

Structured Trading Activity Report TBA Pass-Thru Agency CMO Non-Agency CMO/ABS Daily CMBS Weekly CMBS CBO/CDO/CLO
Pricing Table: CBO/CDO/CLO
METRIC CBO/CDO/CLO CBO/CDO/CLO AAA NON-AAA IG NON-INVESTMENT GRADE
PRE-2023 2023-2026 PRE-2023 2023-2026 PRE-2023 2023-2026 PRE-2023 2023-2026
AVERAGE PRICE 96.8 95.1 99.3 99.9 99.9 99.2 99.5 76.6 96.2
Weighted Avg. Price 98.3 97.6 99.7 100.0 100.0 99.4 99.5 68.7 95.8
Avg. Price Bottom 5 Trades 24.2 24.2 90.4 99.5 99.5 95.7 97.6 24.2 90.4
2nd Quartile Price 99.6 99.4 99.6 99.8 99.9 99.4 99.4 63.0 95.5
3rd Quartile Price 99.9 99.9 99.9 100.0 100.0 100.0 99.9 91.0 98.6
4th Quartile Price 100.0 100.0 100.1 100.0 100.1 100.0 100.1 95.6 100.3
Avg. Price Top 5 Trades 100.5 100.2 100.5 100.1 100.2 100.2 100.2 97.9 100.4
Standard Deviation 11.5 14.7 2.8 0.2 0.2 1.5 0.9 25.4 7.0
VOLUME OF TRADES (000'S) 2,174,978.1 1,394,874.0 768,006.1 1,133,843.4 610,684.1 157,921.0 115,522.0 103,109.6 41,800.0
Customer Buy 1,098,898.1 726,414.1 360,886.0 596,653.7 286,506.0 96,316.0 57,130.0 33,444.4 17,250.0
Customer Sell 1,050,020.4 642,400.3 407,120.1 529,289.6 324,178.1 58,605.0 58,392.0 54,505.6 24,550.0
Dealer to Dealer 26,059.6 26,059.6 - * - * - * -
<= $1MM 67,194.0 39,205.0 26,489.0 18,071.3 8,160.0 8,790.0 11,579.0 12,343.6 6,750.0
<= $10MM 845,529.3 458,604.2 376,327.1 282,007.2 237,334.1 85,831.0 103,943.0 90,766.0 35,050.0
> $10MM 1,262,254.8 897,064.8 365,190.0 833,764.8 365,190.0 * - - -
NUMBER OF TRADES 376 217 152 132 80 41 53 44 19
Customer Buy 192 104 82 67 44 22 30 15 8
Customer Sell 177 106 70 63 36 18 23 25 11
Dealer to Dealer 7 7 - * - * - * -
<= $1MM 115 75 38 46 13 15 18 14 7
<= $10MM 215 117 93 65 46 22 35 30 12
> $10MM 46 25 21 21 21 * - - -

* Indicates trade count is less than 5
Data updated with current day's trades at approximately 8PM New York time
Effective June 1st, 2015 ABS List or Fixed Offering Price and Takedown Transactions (as defined in FINRA Rule 6710), as well as CMO transactions in securities newly added to the system on the report day will be excluded from inclusion in the FINRA-ICE Data daily Securitized Product Report and Pricing Tables. Previously created reports will not be adjusted for the change.

Effective January 10th, 2026 the “Structured Trading Activity Report”, “CBO/CDO/CLO” row and the “CBO/CDO/CLO” Pricing Table was revised for the As Of Dates of December 1, 2025 through December 12, 2025. This was due to an issue where trades were not being classified into the CBO/CDO/CLO NON-AAA IG bucket when those reports were first published.

Should you have any questions, please call TRACE Data Services at 888-507-3665 or email [email protected].