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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 93.5 91.8 99.4 100.0 100.1 100.0 100.2 69.7 96.1
Weighted Avg. Price 95.0 95.0 99.1 100.0 100.1 100.0 100.2 61.3 89.4
Avg. Price Bottom 5 Trades 1.2 1.9 77.5 99.6 99.7 98.1 98.7 1.9 77.5
2nd Quartile Price 100.0 99.9 100.0 100.0 100.0 100.0 100.0 29.6 99.0
3rd Quartile Price 100.1 100.0 100.1 100.1 100.1 100.1 100.2 96.7 100.0
4th Quartile Price 100.2 100.1 100.2 100.1 100.2 100.3 100.4 99.4 100.2
Avg. Price Top 5 Trades 101.5 100.6 101.5 100.3 100.3 100.5 101.4 100.3 100.5
Standard Deviation 21.7 23.8 4.6 0.6 0.1 0.7 0.6 37.9 10.5
VOLUME OF TRADES (000'S) 2,429,168.6 1,283,961.9 1,040,595.0 912,936.9 694,593.1 205,685.3 244,665.4 165,339.6 101,336.5
Customer Buy 1,145,732.9 574,589.4 509,327.2 414,721.4 364,342.9 85,410.3 89,270.0 74,457.7 55,714.3
Customer Sell 1,087,873.4 567,547.5 479,530.6 395,715.6 285,012.9 85,950.0 154,895.4 85,882.0 39,622.3
Dealer to Dealer 195,562.3 141,825.0 51,737.3 * 45,237.3 * * * *
<= $1MM 54,761.5 32,281.5 21,230.0 10,939.5 9,230.0 12,860.3 8,000.0 8,481.7 4,000.0
<= $10MM 1,140,677.4 605,485.9 512,117.0 319,762.4 255,803.1 151,825.0 171,415.4 133,898.5 84,898.5
> $10MM 1,233,729.6 646,194.5 507,248.0 582,235.0 429,560.0 * * * *
NUMBER OF TRADES 409 211 185 98 89 56 64 57 32
Customer Buy 199 104 91 50 44 26 28 28 19
Customer Sell 190 97 85 44 39 26 34 27 12
Dealer to Dealer 20 10 9 * 6 * * * *
<= $1MM 82 47 33 16 15 17 13 14 5
<= $10MM 269 139 122 62 49 36 47 41 26
> $10MM 58 25 30 20 25 * * * *

* 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].