Effective November 5, 2012, FINRA will launch the Securitized Products Dissemination Service (SPDS), which will act as a data feed for TRACE-eligible securitized products. SPDS will provide real-time last sale data and other transaction information. SPDS, in its initial implementation, will only disseminate information for transactions in agency pass-through mortgage-backed securities that are traded to be announced (TBA).
FINRA also reminds firms of the changes to certain trade reporting and dissemination requirements set to take effect November 5, 2012. These changes apply to transactions in TRACE-eligible securities that are agency pass-through mortgage-backed securities that are traded to be announced (TBA transactions). For additional details, please see the prior exam alert on this change.
This alert applies to the Series 7, Series 24, and Series 62.