Zhizhuo Kou, Holam Yu, Junyu Luo, Jingshu Peng, Xujia Li, Chengzhong Liu, Juntao Dai, Lei Chen, Sirui Han, Yike Guo
| Challenge: | Experimental results demonstrate robust performance of the strategy in Chinese & US market regimes compared to established benchmarks. |
| Approach: | They propose a framework leveraging Large Language Models within a risk-aware multi-agent system for automate strategy finding in quantitative finance. |
| Outcome: | The proposed framework outperforms all benchmarks in Chinese & US market regimes with 53.17% cumulative return on SSE50. |
Similar Papers
Large Language Model Agents in Finance: A Survey Bridging Research, Practice, and Real-World Deployment (2025.findings-emnlp)
Copied to clipboard
Yifei Dong, Fengyi Wu, Kunlin Zhang, Yilong Dai, Sanjian Zhang, Wanghao Ye, Sihan Chen, Zhi-Qi Cheng
| Challenge: | a systematic review of large language models (LLMs) is conducted to better align their capabilities with real-world demands. |
| Approach: | They propose a functional taxonomy mapping financial domains to tasks, datasets, and institutional constraints. they catalog over 30 financial benchmarks and 20 representative models. |
| Outcome: | The proposed model frameworks are bridging financial practice and LLM research. |
INVESTORBENCH: A Benchmark for Financial Decision-Making Tasks with LLM-based Agent (2025.acl-long)
Copied to clipboard
Haohang Li, Yupeng Cao, Yangyang Yu, Shashidhar Reddy Javaji, Zhiyang Deng, Yueru He, Yuechen Jiang, Zining Zhu, K.p. Subbalakshmi, Jimin Huang, Lingfei Qian, Xueqing Peng, Jordan W. Suchow, Qianqian Xie
| Challenge: | Recent advances have underscored the potential of large language model (LLM)-based agents in financial decision-making. |
| Approach: | They propose to evaluate LLM agents using 13 different LLMs as backbone models across various market environments and tasks. |
| Outcome: | The proposed framework assesses the reasoning and decision-making capabilities of 13 different LLMs across various market environments and tasks. |
A Multi-Agent Framework for Quantitative Finance : An Application to Portfolio Management Analytics (2025.emnlp-industry)
Copied to clipboard
| Challenge: | Recent advances in Large Language Models (LLMs) have opened up promising new avenues by enhancing reasoning and inference capabilities across diverse data and information sources. |
| Approach: | They propose a multi-agent framework that facilitates mathematical modeling and data analytics by dynamically generating executable code. |
| Outcome: | The proposed framework outperforms existing models on portfolio management tasks and provides human-readable explanations for its predictions. |
Cognitive Alpha Mining via LLM-Driven Code-Based Evolution (2026.acl-long)
Copied to clipboard
| Challenge: | Existing approaches to finding effective predictive signals from financial data are limited by their complexity and low signal-to-noise ratio. |
| Approach: | They propose a framework that combines code-level alpha representation with LLM-driven reasoning and evolutionary search. |
| Outcome: | The proposed framework combines code-level alpha representation with LLM-driven reasoning and evolutionary search. |
FLAG-TRADER: Fusion LLM-Agent with Gradient-based Reinforcement Learning for Financial Trading (2025.findings-acl)
Copied to clipboard
Guojun Xiong, Zhiyang Deng, Keyi Wang, Yupeng Cao, Haohang Li, Yangyang Yu, Xueqing Peng, Mingquan Lin, Kaleb E Smith, Xiao-Yang Liu, Jimin Huang, Sophia Ananiadou, Qianqian Xie
| Challenge: | Large language models (LLMs) have impressive reasoning capabilities in financial tasks, but struggle with multi-step, goal-oriented scenarios in interactive financial markets. |
| Approach: | They propose a framework that integrates large language models with gradient-driven reinforcement learning (RL) policy optimization. |
| Outcome: | The proposed framework improves performance in trading and other financial domain tasks. |
QFinZero: A Unified Financial Toolchain for LLM-Based Trading Agents (2026.acl-demo)
Copied to clipboard
Haochen Luo, Yifan LI, Ho Tin Ko, An Binh Minh, Junjie Xu, Tang Pok Hin, Wang Chak Wong, Gao Yuan, Zhengzhao Lai, Yuan Zhang, Chen Liu
| Challenge: | Existing trading systems rely on fragmented and task-specific APIs, resulting in inconsistent schemas and limited reproducibility. |
| Approach: | They propose a unified trading environment for large language model (LLM) agents that standardizes three core capabilities . they argue that such a standardized trading environment is essential for scalable research on LLM-based financial agents. |
| Outcome: | The proposed trading environment reduces engineering overhead and supports reproducible evaluation through comprehensive logging and deterministic replay. |
Benchmark Self-Evolving: A Multi-Agent Framework for Dynamic LLM Evaluation (2025.coling-main)
Copied to clipboard
| Challenge: | Recent advances in Large Language Models have demonstrated remarkable performance across tasks. |
| Approach: | They propose a benchmark self-evolving framework to dynamically evaluate rapidly advancing Large Language Models. |
| Outcome: | The proposed framework extends existing benchmarks to extend models across tasks and tasks. |
From Tasks to Teams: A Risk-First Evaluation Framework for Multi-Agent LLM Systems in Finance (2026.findings-acl)
Copied to clipboard
| Challenge: | Existing benchmarks focus on task specific metrics such as accuracy, F1 score, or ROUGE. |
| Approach: | They propose a multi-agent, safety-aware evaluation agent that audits large language models without fine-tuning. |
| Outcome: | M-SAEA identifies unsafe trajectories with minimal false positives and reveals latent risks that are not addressed by standard metrics. |
Harnessing LLMs for Temporal Data - A Study on Explainable Financial Time Series Forecasting (2023.emnlp-industry)
Copied to clipboard
| Challenge: | Recent advances in machine learning and artificial intelligence have opened up numerous opportunities and challenges in financial time series forecasting. |
| Approach: | They propose to use Large Language Models for explainable financial time series forecasting to leverage cross-sequence information and extract insights from text and price time series. |
| Outcome: | The proposed model outperforms ARMA-GARCH and gradient-boosting tree models while underperforming on other models. |
QuantAgents: Towards Multi-agent Financial System via Simulated Trading (2025.findings-emnlp)
Copied to clipboard
| Challenge: | Existing LLM-based agent models exhibit significant deviations from real-world fund companies. |
| Approach: | They propose a multi-agent financial system that incorporates simulated trading . they propose simulated trades are evaluated without assuming actual risks . |
| Outcome: | The proposed system evaluates various investment strategies without assuming actual risks without involving real-world investors. |