Fixed income software solutions provider Investortools has included Tradeweb Automated Intelligent Pricing (Ai-Price) for municipal bonds into the Investortools Dealer Network.
The integration of Tradeweb’s intraday evaluative bond prices will help better inform users’ trading decisions alongside unlocking new trading workflows for users of the Investortools Delear Network.
Tradeweb Ai-Price utilises proprietary machine learning and data science together with MSRB and Tradeweb proprietary data to price an estimated one million municipal bonds at or near traded prices both intraday and end of day with closing prices – addressing the challenge of price discovery.
These prices are now accessible on the Inverstortools Dealer Network, with updates made throughout the day.
“As the municipal bond market embraces more electronification and transparency, gaining access to quality intraday and end-of-day closing prices has never been more important,” said Lisa Schirf, global head of data and analytics at Tradeweb.
“By utilising Tradeweb Ai-Price for municipal bonds, users of the Investortools Dealer Network can optimise their trading experience through enhanced price discovery.”
Access to intraday pricing information via Tradeweb Ai-Price for municipal bonds will offer traders necessary data when making trading decisions.
The development follows fixed income trading venue and data provider MarketAxess expanding its integration with the Investortools platform for its municipal bond activity in June last year.
Read more: MarketAxess and Investortools partner on municipal bond offering
“Reliable intra-day pricing is an essential component of trade automation workflows and will allow our users to stay at the cutting edge of a rapidly evolving fixed-income marketplace,” said James Morris, senior vice president at Investortools.