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FINRA Brings Transparency to Asset-Backed Securities Market

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WASHINGTON--(BUSINESS WIRE)--The Financial Industry Regulatory Authority (FINRA) today brought transparency to the asset-backed securities market, providing investors with post-trade price information for asset-backed securities, including those backed by auto loans, credit card receivables and student loans. Transactions in this market represent approximately 400 trades, totaling $3.5 billion in original principal balance, on an average daily basis. Through TRACE (Trade Reporting and Complianc

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