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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 97.1 96.8 98.2 100.1 100.2 99.3 100.0 87.3 90.7
Weighted Avg. Price 96.6 93.4 98.8 100.2 100.2 99.3 100.1 72.5 89.6
Avg. Price Bottom 5 Trades 32.3 36.7 59.4 100.0 100.0 94.2 96.9 36.7 59.4
2nd Quartile Price 100.0 99.8 100.0 100.1 100.1 100.0 100.1 93.2 95.3
3rd Quartile Price 100.1 100.1 100.2 100.1 100.2 100.2 100.3 98.0 99.2
4th Quartile Price 100.3 100.2 100.3 100.2 100.3 100.3 100.6 99.8 100.4
Avg. Price Top 5 Trades 101.5 101.0 101.5 100.7 100.5 100.7 101.2 100.4 101.0
Standard Deviation 11.3 12.1 8.4 0.2 0.1 2.0 1.1 22.2 16.7
VOLUME OF TRADES (000'S) 2,085,056.0 667,403.6 1,359,323.5 312,208.9 935,106.5 198,182.0 247,255.0 157,012.7 176,962.0
Customer Buy 868,971.5 282,939.0 571,782.5 120,178.2 362,356.5 80,375.0 119,525.0 82,385.8 89,901.0
Customer Sell 1,145,428.5 342,808.6 758,541.0 155,874.7 559,750.0 112,307.0 117,730.0 74,626.9 81,061.0
Dealer to Dealer 70,656.0 41,656.0 29,000.0 36,156.0 * * * - *
<= $1MM 52,806.0 34,422.5 16,183.5 16,707.5 9,908.5 11,715.0 3,275.0 6,000.0 *
<= $10MM 1,089,933.5 426,836.0 617,690.0 187,251.3 262,498.0 138,967.0 181,230.0 100,617.8 173,962.0
> $10MM 942,316.5 206,145.1 725,450.0 108,250.1 662,700.0 * * * -
NUMBER OF TRADES 389 182 190 85 95 53 56 44 39
Customer Buy 170 73 94 29 46 25 31 19 17
Customer Sell 206 103 89 51 45 27 24 25 20
Dealer to Dealer 13 6 7 5 * * * - *
<= $1MM 86 58 25 37 17 14 5 7 *
<= $10MM 258 112 133 42 50 36 47 34 36
> $10MM 45 12 32 6 28 * * * -

* 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].