The Financial Industry Regulatory Authority, as previously disclosed by the non-governmental regulator of brokerages, began releasing more information about trading in government-backed mortgage securities.
FINRA began releasing trade-by-trade data on specified pool transactions through its Trade Reporting and Compliance Engine, or Trace, the regulator said today in an emailed statement.
Along with figures on Small Business Administration-backed securities, new disclosures will cover $18 billion in average daily trading.
FINRA has been expanding Trace to securitized debt after the opacity of trading in securities including home-loan bonds without government backing contributed to the worst financial crisis since the Great Depression in 2008.
The regulator, which operates from Washington and New York, last year decided against reporting specified-pool trades with unique identifiers known as CUSIPs, choosing instead a protocol that describes the bonds.
