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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 96.2 94.6 98.2 100.1 100.1 99.8 99.5 75.2 90.7
Weighted Avg. Price 92.5 91.2 94.0 100.1 100.1 99.7 99.6 35.6 66.9
Avg. Price Bottom 5 Trades 22.4 22.5 63.2 99.8 99.6 97.8 97.6 22.5 63.2
2nd Quartile Price 99.6 99.9 99.6 100.0 100.0 100.0 99.4 63.0 95.4
3rd Quartile Price 100.0 100.1 100.0 100.1 100.1 100.1 100.1 98.0 97.7
4th Quartile Price 100.2 100.2 100.2 100.2 100.2 100.2 100.3 99.9 99.8
Avg. Price Top 5 Trades 100.5 100.3 100.5 100.3 100.4 100.2 100.4 99.9 100.0
Standard Deviation 14.6 18.3 8.1 0.1 0.2 1.1 1.0 32.9 17.0
VOLUME OF TRADES (000'S) 1,768,411.4 1,012,380.1 674,512.5 694,597.8 445,344.3 178,479.0 107,578.5 139,303.2 121,589.8
Customer Buy 876,935.3 536,487.0 326,373.3 364,937.1 206,525.5 101,604.7 63,556.0 69,945.2 56,291.8
Customer Sell 861,893.9 469,009.0 325,441.2 322,776.6 234,918.8 76,874.3 27,724.4 69,358.0 62,798.0
Dealer to Dealer 29,582.2 6,884.1 22,698.1 6,884.1 * - * - *
<= $1MM 35,335.6 12,298.8 18,343.1 5,663.7 6,274.3 4,400.3 6,500.0 2,234.8 5,568.8
<= $10MM 647,879.6 240,571.1 343,983.5 62,472.2 192,830.0 127,289.3 101,078.5 50,809.6 50,075.0
> $10MM 1,085,196.2 759,510.2 312,186.0 626,462.0 246,240.0 * - * *
NUMBER OF TRADES 264 115 124 53 63 37 38 25 23
Customer Buy 122 54 62 22 27 21 23 11 12
Customer Sell 130 56 55 26 33 16 12 14 10
Dealer to Dealer 12 5 7 5 * - * - *
<= $1MM 63 31 26 15 13 8 7 8 6
<= $10MM 162 58 86 18 40 26 31 14 15
> $10MM 39 26 12 20 10 * - * *

* 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.

Effective April 25th, 2026, the “Structured Trading Activity Report” and “Daily CMBS Pricing Tables” were revised for the as-of dates of February 23, 2026, through February 26, 2026. This revision was due to an issue with incorrect factors that primarily impacted the “OTHER CMBS HY (P&I)” bucket.

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