Tradeweb upgrades corporate bond pricing engine with machine learning

Tradeweb Markets Inc. (Nasdaq: TW) announced updates to its Ai-Price automated bond pricing engine, adding expanded data inputs, upgraded machine learning models and more real-time intraday pricing for U.S. corporate bond markets, according to a company statement.

The updated system integrates public TRACE data with Tradeweb's proprietary datasets to generate bid and offer estimates for U.S. investment-grade and high-yield corporate bonds. The pricing model also draws on institutional trading activity, including European credit markets, to reflect intraday market movements.

Troy Dixon, Co-Head of Global Markets at Tradeweb, said: "The quality, speed and accuracy of that data now directly shape how effectively participants can assess liquidity and act on execution decisions."

Tradeweb Ai-Price is designed to support decision-making across the trading lifecycle, including pre-trade cost estimation, execution-stage dealer response evaluation and post-trade transaction cost analysis. The company said more responsive pricing aims to reduce manual intervention in automated execution workflows, including its Automated Intelligent Execution tool, known as AiEX.

Tradeweb said it is expanding Ai-Price coverage to additional fixed income products, including emerging market bonds, with further development focused on broader asset class coverage and new use cases in pricing, automation and portfolio analytics.

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