TRACE Monthly Volume Report for 2014

December

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	850,441	506,148,484	38,656	23,006,749
CONV	22,818	20,772,647	1,037	944,211
CHRC	1,543	12,689	70	577
ELN	20,014	1,804,516	910	82,023
AGCY	56,043	124,844,481	2,547	5,674,749
ABS	15,089	88,092,284	686	4,004,195
CMO	45,157	215,448,172	2,053	9,793,099
MBS	77,228	304,158,350	3,510	13,825,380
TBA	148,360	3,521,205,271	6,744	160,054,785

November

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	768,946	497,979,226	40,471	26,209,433
CONV	19,286	20,306,618	1,015	1,068,769
CHRC	1,442	10,186	76	536
ELN	12,176	854,591	641	44,978
AGCY	45,164	106,468,201	2,377	5,603,590
ABS	14,046	108,011,934	739	5,684,839
CMO	37,966	261,636,556	1,998	13,770,345
MBS	54,972	233,995,864	2,893	12,315,572
TBA	137,955	3,433,673,623	7,261	180,719,664

October

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	912,747	671,453,877	39,685	29,193,647
CONV	29,548	32,306,650	1,285	1,404,637
CHRC	1,956	13,318	85	579
ELN	12,211	1,012,484	531	44,021
AGCY	53,833	133,561,182	2,341	5,807,008
ABS	17,529	119,171,493	762	5,181,369
CMO	47,924	278,445,115	2,084	12,106,309
MBS	93,696	405,411,347	4,074	17,626,580
TBA	174,873	4,061,498,562	7,603	176,586,894

September

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	875,710	607,410,410	41,700	28,924,305
CONV	22,568	24,420,764	1,075	1,162,894
CHRC	1,108	8,289	53	395
ELN	14,959	1,608,465	712	76,594
AGCY	52,150	145,645,471	2,483	6,935,499
ABS	16,190	124,724,813	771	5,939,277
CMO	45,838	277,800,954	2,183	13,228,617
MBS	65,345	326,911,903	3,112	15,567,233
TBA	152,554	3,887,235,262	7,264	185,106,441

August

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	743,579	445,873,522	35,409	21,232,072
CONV	20,357	19,882,561	969	946,789
CHRC	1,323	9,311	63	443
ELN	11,131	1,078,160	530	51,341
AGCY	48,026	108,641,634	2,287	5,173,411
ABS	13,512	84,482,743	643	4,022,988
CMO	41,343	192,073,694	1,969	9,146,366
MBS	60,158	270,063,209	2,865	12,860,153
TBA	138,726	3,339,612,387	6,606	159,029,161

July

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	832,849	545,308,808	37,857	24,786,764
CONV	23,259	22,139,991	1,057	1,006,363
CHRC	1,315	8,477	60	385
ELN	12,118	1,115,287	551	50,695
AGCY	52,017	133,790,851	2,364	6,081,402
ABS	15,858	124,228,464	721	5,646,748
CMO	45,378	273,871,112	2,063	12,448,687
MBS	68,601	353,427,932	3,118	16,064,906
TBA	151,914	3,686,314,454	6,905	167,559,748

June

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	870,308	562,654,684	41,443	26,793,080
CONV	24,459	28,987,584	1,165	1,380,361
CHRC	1,745	12,654	83	603
ELN	14,142	9,276,792	673	441,752
AGCY	54,915	114,594,056	2,615	5,456,860
ABS	16,002	129,600,485	762	6,171,452
CMO	47,119	276,212,937	2,244	13,152,997
MBS	65,717	268,912,389	3,129	12,805,352
TBA	149,579	3,215,887,282	7,123	153,137,490

May

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	889,864	590,348,279	42,374	28,111,823
CONV	24,255	27,895,263	1,155	1,328,346
CHRC	2,161	16,072	103	765
ELN	12,458	2,095,733	593	99,797
AGCY	52,287	107,200,115	2,490	5,104,767
ABS	14,951	117,425,995	712	5,591,714
CMO	46,686	250,532,233	2,223	11,930,106
MBS	72,635	296,866,073	3,459	14,136,480
TBA	154,227	3,723,700,231	7,344	177,319,059

April

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	898,472	597,533,170	42,784	28,453,960
CONV	28,311	29,737,156	1,348	1,416,055
CHRC	1,461	51,144	70	2,435
ELN	10,619	689,445	506	32,831
AGCY	58,253	120,629,438	2,774	5,744,259
ABS	15,152	117,194,907	722	5,580,710
CMO	46,015	303,986,174	2,191	14,475,532
MBS	76,408	290,012,424	3,638	13,810,115
TBA	143,866	3,461,246,320	6,851	164,821,253

March

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	924,351	600,972,877	44,017	28,617,756
CONV	30,562	33,056,220	1,455	1,574,106
CHRC	1,811	13,240	86	630
ELN	10,931	867,687	521	41,318
AGCY	64,956	154,247,389	3,093	7,345,114
ABS	16,613	123,398,174	791	5,876,104
CMO	51,981	317,201,553	2,475	15,104,836
MBS	79,249	328,465,113	3,774	15,641,196
TBA	144,405	3,372,538,758	6,876	160,597,084

February

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	840,887	518,502,413	44,257	27,289,601
CONV	27,668	30,644,575	1,456	1,612,872
CHRC	1,741	11,881	92	625
ELN	11,745	1,322,157	618	69,587
AGCY	58,651	126,264,873	3,087	6,645,520
ABS	15,377	123,915,277	809	6,521,857
CMO	46,159	259,993,841	2,429	13,683,886
MBS	66,039	282,963,517	3,476	14,892,817
TBA	134,598	3,020,684,417	7,084	158,983,390

January

	Total Trades	Total Par Value (000s)	Average Daily Trades	Average Daily Par Value (000s)
CORP	920,504	595,720,311	43,834	28,367,634
CONV	29,634	32,636,449	1,411	1,554,117
CHRC	1,526	10,900	73	519
ELN	14,396	1,644,868	686	78,327
AGCY	63,708	147,676,371	3,034	7,032,208
ABS	14,704	82,190,154	700	3,913,817
CMO	49,859	339,859,197	2,374	16,183,771
MBS	74,600	302,613,047	3,552	14,410,145
TBA	146,549	3,340,941,789	6,979	159,092,466