
TBA Fixings™
Accurate TBA Market Pricing
MIAC’s TBA Fixings is a transparent, rules‐based, IOSCO-compliant pricing product for the TBA market offering actionable price discovery.
TBA Market Pricing
MIAC’s TBA Pricing Methodology, in accordance with IOSCO guidelines, is built upon the premise of providing objective, fair and robust transaction-based prices, which are derived from thoroughly vetted and clear rules. All OTC TBA market trades are reported to FINRA’s TRACE data feed and used in the fixings rule book.
Why Transparency Matters
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GAAP requires industry best practices for marking-to-market securities such as TBA’s
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A fixing price is a more accurate price indication of the actual TBA market than a price derived using a request for quote (RFQ) system