July 22 The Financial Industry Regulatory
Authority (FINRA), Wall Street's industry funded watchdog, said
it would start releasing trade-related information on some
securitized debt to improve transparency.
FINRA said it would use the Trade Reporting and Compliance
Engine (TRACE) to provide information on mortgage-backed
securities issued by Fannie Mae, Freddie Mac and Ginnie Mae, as
well as securities backed by loans guaranteed by the Small
These securities represent about 3,500 trades, totaling $18
billion in par value, on an average daily basis, FINRA said.
Retail investors will have free access to the data through
FINRA's Market Data Center starting July 29.
FINRA also plans to provide trade data on other asset-backed
securities such as those backed by auto loans, credit card
receivables and student loans after approval from the Securities
and Exchange Commission.