Title

Assessment of Mortgage-Backed Securities and Trading for Bank of America

Faculty Advisor

Gerstenfeld, Arthur

Faculty Advisor

Wang, Tsung-Yi

Center

Wall Street

Abstract

Bank of America is currently facing major changes to their mortgage trading floor. FINRA has proposed their reporting system, Trade Reporting and Compliance Engine (TRACE), to be implemented in May of 2011 which requires firms to report information on all trades of Mortgage-Backed Securities. Because of these new requirements, Bank of America has needed to assess their current state at the desks and determine what alterations will need to be made before TRACE goes live. The goal of this project was to study the TRACE documents provided by FINRA, evaluate the workflow of the desks, provide detailed summaries and maps created from those studies, and supply recommendations for change which will further them in their goal of meeting the regulation requirements.

Publisher

Worcester Polytechnic Institute

Date Accepted

January 2011

Major

Management Engineering

Major

Industrial Engineering

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Business

Advisor Program

Business

Project Center

Wall Street

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