As of
Download

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

Weekly CMBS data from 04/14/2025 to 04/17/2025

Pricing Table: Agency CMBS by Deal Vintage
METRIC AGENCY CMBS (P&I) AGENCY CMBS (IO/PO)
PRE-2020 2020 2021 2022 2023 2024 2025 PRE-2020 2020 2021 2022 2023 2024 2025
AVERAGE PRICE 95.8 85.2 81.0 84.2 95.3 100.0 99.0 - 6.3 6.0 * * * *
Weighted Avg. Price 97.9 83.4 84.5 88.4 95.8 100.8 98.9 - 6.2 6.8 * * * *
Avg. Price Bottom 5 Trades 78.9 70.8 70.7 63.0 80.5 93.8 98.1 - 3.6 3.5 * * * *
2nd Quartile Price 94.3 80.4 73.0 83.6 94.8 99.5 98.5 - 6.0 5.3 * * * *
3rd Quartile Price 97.6 85.8 77.3 87.8 99.2 100.2 99.5 - 6.4 7.0 * * * *
4th Quartile Price 98.6 91.5 92.0 92.7 101.3 101.3 100.0 - 7.9 7.3 * * * *
Avg. Price Top 5 Trades 99.8 98.6 98.3 97.3 101.9 103.6 100.1 - 8.4 8.3 * * * *
Standard Deviation 4.6 7.8 10.3 11.9 8.9 2.5 1.3 - 1.7 2.4 * * * *
VOLUME OF TRADES (000'S) 567,640.0 44,198.1 34,855.6 250,041.6 23,831.5 690,109.9 208,075.3 - 1,352,281.6 436,845.6 * * * *
Customer Buy 195,663.1 17,056.9 22,255.3 132,206.9 8,204.8 380,962.7 126,444.0 - 527,962.2 149,841.3 - - * *
Customer Sell 313,010.3 16,311.5 4,647.4 113,797.4 15,040.1 229,795.2 * - 600,489.1 287,004.3 * * * -
Dealer to Dealer 58,966.6 10,829.7 7,952.9 4,037.2 * 79,352.0 * - * - - - - -
<= $1MM 35,091.8 4,147.9 2,382.8 8,530.9 10,995.7 17,568.0 2,370.0 - * - - - - -
<= $10MM 133,622.9 40,050.2 21,802.5 44,710.8 12,835.8 72,548.8 25,036.6 - 19,530.0 44,499.6 * * - -
> $10MM 398,925.3 - * 196,800.0 - 599,993.2 * - 1,331,990.2 * * * * *
NUMBER OF TRADES 217 50 34 37 36 109 17 - 25 14 * * * *
Customer Buy 69 12 8 12 18 43 12 - 9 6 - - * *
Customer Sell 95 22 11 20 16 38 * - 12 8 * * * -
Dealer to Dealer 53 16 15 5 * 28 * - * - - - - -
<= $1MM 154 40 22 18 31 77 7 - * - - - - -
<= $10MM 53 10 11 14 5 17 6 - 5 11 * * - -
> $10MM 10 - * 5 - 15 * - 18 * * * * *

Pricing Table: CMBS Conduit AAA LCF (P&I) by Deal Vintage
METRIC CONDUIT AAA LCF (P&I)
PRE-2020 2020 2021 2022 2023 2024 2025
AVERAGE PRICE 96.8 * 86.3 92.3 * 101.7 103.1
Weighted Avg. Price 97.5 * 87.1 93.8 * 101.3 103.4
Avg. Price Bottom 5 Trades 91.5 * 85.2 90.3 * 99.3 102.7
2nd Quartile Price 96.0 * 85.7 90.7 * 100.5 102.8
3rd Quartile Price 97.5 * 86.0 93.4 * 102.5 103.7
4th Quartile Price 98.6 * 87.8 95.6 * 103.0 103.9
Avg. Price Top 5 Trades 99.6 * 87.7 94.3 * 103.5 103.7
Standard Deviation 2.4 * 1.3 3.5 * 1.8 0.9
VOLUME OF TRADES (000'S) 205,355.7 * 35,090.0 43,115.0 * 196,031.5 26,100.0
Customer Buy 110,361.7 * 23,430.0 41,645.0 * 102,332.3 21,090.0
Customer Sell 94,079.0 * 11,660.0 * * 93,699.3 *
Dealer to Dealer 915.0 - - - - - -
<= $1MM 16,592.2 * 3,880.0 * * * *
<= $10MM 71,763.5 - 31,210.0 * * 104,161.0 25,315.0
> $10MM 117,000.0 - - * - 91,750.5 -
NUMBER OF TRADES 73 * 12 8 * 20 8
Customer Buy 35 * 5 5 * 10 6
Customer Sell 33 * 7 * * 10 *
Dealer to Dealer 5 - - - - - -
<= $1MM 45 * 6 * * * *
<= $10MM 20 - 6 * * 12 6
> $10MM 8 - - * - 6 -

Pricing Table: CMBS Conduit by Deal Vintage
METRIC CONDUIT AAA (P&I) CONDUIT AAA (IO/PO) CONDUIT IG (P&I) CONDUIT IG (IO/PO) CONDUIT HY (P&I) CONDUIT HY (IO/PO)
PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025
AVERAGE PRICE 97.3 93.9 103.1 * - * 88.2 71.7 99.2 * - * 81.2 * * - - -
Weighted Avg. Price 96.6 92.6 103.7 * - * 87.7 74.2 99.4 * - * 81.3 * * - - -
Avg. Price Bottom 5 Trades 92.7 83.4 100.5 * - * 73.1 71.7 95.1 * - * 49.6 * * - - -
2nd Quartile Price 96.5 90.8 102.1 * - * 84.0 * 97.4 * - * 75.0 * * - - -
3rd Quartile Price 98.1 97.0 103.5 * - * 89.9 * 100.7 * - * 83.7 * * - - -
4th Quartile Price 98.8 97.8 103.9 * - * 93.0 * 101.8 * - * 93.9 * * - - -
Avg. Price Top 5 Trades 99.3 99.3 105.2 * - * 97.2 71.7 102.2 * - * 98.8 * * - - -
Standard Deviation 2.1 5.1 1.3 * - * 7.0 5.8 2.9 * - * 15.5 * * - - -
VOLUME OF TRADES (000'S) 115,768.4 80,220.0 522,566.3 * - * 30,360.1 10,878.0 107,178.0 * - * 90,855.8 * * - - -
Customer Buy 34,672.4 38,901.3 223,216.2 * - - 14,818.0 * 56,383.0 * - * 44,325.3 * * - - -
Customer Sell 81,095.9 41,318.6 299,350.1 - - - 13,701.1 * 50,795.0 - - * 35,493.5 * - - - -
Dealer to Dealer - - - - - * 1,840.9 - - - - - 11,037.0 - * - - -
<= $1MM 16,811.6 13,128.8 4,853.9 * - - 16,279.6 * * - - - 5,448.7 * - - - -
<= $10MM 48,956.8 48,579.1 190,212.3 * - * 14,080.5 * 63,937.0 * - - 85,407.1 - * - - -
> $10MM * * 327,500.0 - - - - - * - - * - - - - - -
NUMBER OF TRADES 49 50 80 * - * 60 5 20 * - * 52 * * - - -
Customer Buy 19 26 39 * - - 24 * 12 * - * 22 * * - - -
Customer Sell 30 24 41 - - - 29 * 8 - - * 21 * - - - -
Dealer to Dealer - - - - - * 7 - - - - - 9 - * - - -
<= $1MM 33 29 21 * - - 52 * * - - - 29 * - - - -
<= $10MM 14 20 45 * - * 8 * 13 * - - 23 - * - - -
> $10MM * * 14 - - - - - * - - * - - - - - -

Pricing Table: CMBS Other by Deal Vintage
METRIC OTHER CMBS AAA LCF (P&I) OTHER CMBS AAA (P&I) OTHER CMBS AAA (IO/PO) OTHER CMBS IG (P&I) OTHER CMBS IG (IO/PO) OTHER CMBS HY (P&I) OTHER CMBS HY (IO/PO)
PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025 PRE-2020 2020-2022 2023-2025
AVERAGE PRICE - - - 94.2 96.7 99.5 * - - 90.1 97.1 98.9 * - - 71.7 90.5 99.3 - - -
Weighted Avg. Price - - - 94.1 96.9 99.3 * - - 89.6 97.7 99.0 * - - 71.5 93.5 99.8 - - -
Avg. Price Bottom 5 Trades - - - 88.1 83.2 97.3 * - - 78.3 88.5 96.4 * - - 29.9 54.5 94.7 - - -
2nd Quartile Price - - - 90.4 96.4 99.0 * - - 86.8 96.0 98.1 * - - 54.3 89.1 98.8 - - -
3rd Quartile Price - - - 94.1 98.8 99.4 * - - 94.0 98.5 99.0 * - - 87.8 96.5 99.8 - - -
4th Quartile Price - - - 97.8 99.4 99.8 * - - 96.8 99.4 99.8 * - - 92.5 98.3 99.8 - - -
Avg. Price Top 5 Trades - - - 99.7 100.3 102.4 * - - 98.8 100.5 101.6 * - - 97.5 99.5 105.1 - - -
Standard Deviation - - - 4.2 4.7 1.1 * - - 9.8 3.4 1.4 * - - 25.4 14.6 3.0 - - -
VOLUME OF TRADES (000'S) - - - 72,044.6 347,655.8 382,858.3 * - - 40,800.5 93,099.3 151,765.9 * - - 125,924.4 294,055.2 392,944.1 - - -
Customer Buy - - - 37,822.0 161,544.6 210,023.1 * - - 13,639.0 44,334.9 70,149.5 * - - 42,134.6 128,071.0 341,659.1 - - -
Customer Sell - - - 34,222.6 180,330.9 158,930.2 * - - 26,861.5 40,384.4 81,616.4 * - - 60,836.7 162,904.2 51,284.9 - - -
Dealer to Dealer - - - - * * - - - * * - - - - 22,953.1 * - - - -
<= $1MM - - - 6,770.0 21,126.3 18,323.5 - - - 3,252.2 10,907.5 10,058.0 - - - 6,366.4 4,575.8 2,494.7 - - -
<= $10MM - - - 53,274.6 222,736.3 236,475.3 - - - 37,548.4 82,191.8 66,962.5 * - - 84,590.9 208,805.2 110,041.8 - - -
> $10MM - - - * 103,793.1 128,059.5 * - - - - * * - - * 80,674.2 280,407.5 - - -
NUMBER OF TRADES - - - 40 121 117 * - - 20 58 60 * - - 41 70 44 - - -
Customer Buy - - - 14 59 65 * - - 5 25 30 * - - 13 31 31 - - -
Customer Sell - - - 26 58 48 * - - 14 30 30 * - - 21 37 13 - - -
Dealer to Dealer - - - - * * - - - * * - - - - 7 * - - - -
<= $1MM - - - 25 52 49 - - - 8 29 26 - - - 16 14 8 - - -
<= $10MM - - - 14 61 62 - - - 12 29 31 * - - 22 50 24 - - -
> $10MM - - - * 8 6 * - - - - * * - - * 6 12 - - -

* 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.

Should you have any questions, please call TRACE Data Services at 888-507-3665 or email [email protected].
Home | Company | Products & Services | Careers | Contact Us
Terms & Conditions, Privacy Policy and Trademarks | 3rd Party Disclaimers and Attribution | Registered Investment Advisor Notice
Build 8.7.7.20250312   © 2025 Intercontinental Exchange, Inc. All Rights Reserved.