Make the Most of Your MBS Trading

Trade Discovery enables market participants to electronically trade mortgage-backed securities issued by FNMA, FHLMC and GNMA. Designed to facilitate MBS trading, our platform anonymously locates and matches trading opportunities for specified pools and their derivative products.

Trading Support for Specified Pools,
Trust IOs and POs and Agency CMOs

Looking to add a Fannie Mae 5.5% pool issue with a WAM of more than 28 years to your portfolio? How about the Freddie Mac CMO Series 3324 PA PAC tranche? Trade Discovery supports trading on specified pools, trust interest-only and trust principal-only instruments and Agency CMOs. For fixed rate MBS, you may trade on a spread to real-time TBAs or by price. For variable rate MBS, such as hybrid ARMs and CMO floaters, trading by BEEM, z-spread or e-spread, is coming soon.

Trade Directly with Other Participants

Launch executable or subject bids and offers on Trade Discovery. Our electronic trading platform will notify our entire trading community. Any interested counterparty can match your bid or offer or enter into a trading negotiation. All trading is anonymous and executions are done through a single counterparty.

Uncover Trade Opportunities using Stipulations

Send out an indication of interest that notifies participants of your buy interest in securities with specific attributes. For example, you may be looking for a FNMA 30-year single family pool with a 6% coupon and a WALA greater than 30 months. All potential counterparties who have bonds in their “available for sale” which match your stipulations will be privately notified. This powerful tool conveniently and anonymously alerts participants of buy interest for their bonds.