FINRA Launches New Data on Treasury Securities Trading Volume

Treasury Aggregate Statistics to Provide More Transparency in Marketplace

WASHINGTON — FINRA today for the first time posted weekly, aggregate data on the trading volume of Treasury securities reported to TRACE^®, FINRA’s Trade Reporting and Compliance Engine^®.

The new Treasury Aggregate Statistics report provides trading volume in U.S. Treasury securities reported to TRACE for the prior week. The information is aggregated by Treasury security subtype: bills, floating rate notes (FRN), nominal coupons, and Treasury inflation-protected securities (TIPS). The data are further grouped into two categories: alternative trading system/interdealer transactions, and dealer-to-customer transactions.

For nominal coupons and TIPS, the report also shows remaining maturity and on-the-run/off-the run buckets.

Securities firms began reporting Treasury transactions to FINRA in July 2017, with the goal of providing regulators and policymakers with additional information to increase understanding and enhance surveillance of this bellwether market.

”Publishing this important data will increase transparency for the benefit of investors and other market participants,” said Thomas Gira, Executive Vice President, Market Regulation and Transparency Services. “We look forward to continue working with the Treasury Department, the SEC and the Federal Reserve Board to advance market transparency and sound oversight and policymaking.”

About FINRA

FINRA is a not-for-profit organization dedicated to investor protection and market integrity. It regulates one critical part of the securities industry – brokerage firms doing business with the public in the United States. FINRA, overseen by the SEC, writes rules, examines for and enforces compliance with FINRA rules and federal securities laws, registers broker-dealer personnel and offers them education and training, and informs the investing public. In addition, FINRA provides surveillance and other regulatory services for equities and options markets, as well as trade reporting and other industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.