English

R&D-Agent-Quant: A Multi-Agent Framework for Data-Centric Factors and Model Joint Optimization

Computational Finance 2025-09-26 v2 Artificial Intelligence Computational Engineering, Finance, and Science Machine Learning

Abstract

Financial markets pose fundamental challenges for asset return prediction due to their high dimensionality, non-stationarity, and persistent volatility. Despite advances in large language models and multi-agent systems, current quantitative research pipelines suffer from limited automation, weak interpretability, and fragmented coordination across key components such as factor mining and model innovation. In this paper, we propose R&D-Agent for Quantitative Finance, in short RD-Agent(Q), the first data-centric multi-agent framework designed to automate the full-stack research and development of quantitative strategies via coordinated factor-model co-optimization. RD-Agent(Q) decomposes the quant process into two iterative stages: a Research stage that dynamically sets goal-aligned prompts, formulates hypotheses based on domain priors, and maps them to concrete tasks, and a Development stage that employs a code-generation agent, Co-STEER, to implement task-specific code, which is then executed in real-market backtests. The two stages are connected through a feedback stage that thoroughly evaluates experimental outcomes and informs subsequent iterations, with a multi-armed bandit scheduler for adaptive direction selection. Empirically, RD-Agent(Q) achieves up to 2X higher annualized returns than classical factor libraries using 70% fewer factors, and outperforms state-of-the-art deep time-series models on real markets. Its joint factor-model optimization delivers a strong balance between predictive accuracy and strategy robustness. Our code is available at: https://github.com/microsoft/RD-Agent.

Keywords

Cite

@article{arxiv.2505.15155,
  title  = {R&D-Agent-Quant: A Multi-Agent Framework for Data-Centric Factors and Model Joint Optimization},
  author = {Yuante Li and Xu Yang and Xiao Yang and Minrui Xu and Xisen Wang and Weiqing Liu and Jiang Bian},
  journal= {arXiv preprint arXiv:2505.15155},
  year   = {2025}
}

Comments

42 pages,11figures, NeurIPS 2025

R2 v1 2026-07-01T02:27:29.288Z