Tradeweb Markets has upgraded its automated bond pricing engine, Ai-Price, with expanded data inputs and improved machine learning models designed to deliver more responsive pricing for US corporate bonds.

The enhancements, announced on September 22 2026, integrate public TRACE data with the company’s proprietary datasets to produce bid and offer estimates that adjust to intraday market movements. The pricing tool covers both investment-grade and high-yield corporate bonds.

The upgraded system draws on institutional trading activity, including from European credit markets, to generate real-time prices. Tradeweb said the improvements are intended to support automated trading workflows by reducing the need for manual intervention when executing large orders.

Troy Dixon, co-head of global markets at Tradeweb, said corporate bond trading was shifting toward more electronic and automated execution, increasing demand for dynamic pricing data. “The quality, speed and accuracy of that data now directly shape how effectively participants can assess liquidity and act on execution decisions,” he said.

Ai-Price is used across the trading lifecycle, from pre-trade cost estimation through to post-trade performance analysis. The tool also supports the firm’s Automated Intelligent Execution system.

Tradeweb, which is listed on Nasdaq, said it was expanding Ai-Price coverage to additional fixed income products, including emerging market bonds.