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We present automatically parameterised Fully Homomorphic Encryption (FHE) for encrypted neural network inference and exemplify our inference over FHE compatible neural networks with our own open-source framework and reproducible examples.…

Machine Learning · Computer Science 2022-10-19 George Onoufriou , Marc Hanheide , Georgios Leontidis

We develop a rigorous walk-forward validation framework for algorithmic trading designed to mitigate overfitting and lookahead bias. Our methodology combines interpretable hypothesis-driven signal generation with reinforcement learning and…

Trading and Market Microstructure · Quantitative Finance 2025-12-16 Gagan Deep , Akash Deep , William Lamptey

With the rapid advancements in machine learning, models have become increasingly capable of learning and making predictions in various industries. However, deploying these models in critical infrastructures presents a major challenge, as…

Cryptography and Security · Computer Science 2025-11-13 Zeinab Elkhatib , Ali Sekmen , Kamrul Hasan

Although machine learning approaches have been widely used in the field of finance, to very successful degrees, these approaches remain bespoke to specific investigations and opaque in terms of explainability, comparability, and…

Trading and Market Microstructure · Quantitative Finance 2022-06-22 Artur Sokolovsky , Luca Arnaboldi

Data is the lifeblood of AI, yet much of the most valuable data remains locked in silos due to privacy and regulations. As a result, AI remains heavily underutilized in many of the most important domains, including healthcare, education,…

Cryptography and Security · Computer Science 2026-02-11 Mayank Kumar , Qian Lou , Paulo Barreto , Martine De Cock , Sikha Pentyala

Homomorphic encryption (HE)---the ability to perform computation on encrypted data---is an attractive remedy to increasing concerns about data privacy in deep learning (DL). However, building DL models that operate on ciphertext is…

Cryptography and Security · Computer Science 2019-04-03 Fabian Boemer , Yixing Lao , Rosario Cammarota , Casimir Wierzynski

We give complete algorithms and source code for constructing (multilevel) statistical industry classifications, including methods for fixing the number of clusters at each level (and the number of levels). Under the hood there are…

Portfolio Management · Quantitative Finance 2019-01-01 Zura Kakushadze , Willie Yu

Federated learning based on homomorphic encryption has received widespread attention due to its high security and enhanced protection of user data privacy. However, the characteristics of encrypted computation lead to three challenging…

Cryptography and Security · Computer Science 2025-12-01 Yang Li , Chunhe Xia , Chang Li , Xiaojian Li , Tianbo Wang

The inherent volatility and dynamic fluctuations within the financial stock market underscore the necessity for investors to employ a comprehensive and reliable approach that integrates risk management strategies, market trends, and the…

Trading and Market Microstructure · Quantitative Finance 2024-11-13 Alhassan S. Yasin , Prabdeep S. Gill

Collective Investment Algorithms (CoinAlgs) are increasingly popular systems that deploy shared trading strategies for investor communities. Their goal is to democratize sophisticated -- often AI-based -- investing tools. We identify and…

Computer Science and Game Theory · Computer Science 2026-01-05 Andrés Fábrega , James Austgen , Samuel Breckenridge , Jay Yu , Amy Zhao , Sarah Allen , Aditya Saraf , Ari Juels

Since the first theoretically feasible full homomorphic encryption (FHE) scheme was proposed in 2009, great progress has been achieved. These improvements have made FHE schemes come off the paper and become quite useful in solving some…

Cryptography and Security · Computer Science 2024-03-19 Yuqi Guo , Lin Li , Zhongxiang Zheng , Hanrui Yun , Ruoyan Zhang , Xiaolin Chang , Zhixuan Gao

Homomorphic encryption (HE) offers data confidentiality by executing queries directly on encrypted fields in the database-as-a-service (DaaS) paradigm. While fully HE exhibits great expressiveness but prohibitive performance overhead, a…

Cryptography and Security · Computer Science 2021-11-23 Dongfang Zhao

This paper considers a statistical signal processing problem involving agent based models of financial markets which at a micro-level are driven by socially aware and risk- averse trading agents. These agents trade (buy or sell) stocks by…

Optimization and Control · Mathematics 2015-11-09 Vikram Krishnamurthy , Sujay Bhatt

Automated equity trading requires converting noisy market and news signals into executable portfolio decisions under risk, turnover, and transaction costs. We propose Hierarchical Reinforced Trader (HRT), a bi-level reinforcement learning…

Trading and Market Microstructure · Quantitative Finance 2026-05-12 Zijie Zhao , Roy E. Welsch

Privacy-preserving neural network (NN) inference can be achieved by utilizing homomorphic encryption (HE), which allows computations to be directly carried out over ciphertexts. Popular HE schemes are built over large polynomial rings. To…

Cryptography and Security · Computer Science 2025-08-15 Sajjad Akherati , Xinmiao Zhang

Federated Learning (FL) is a distributed machine learning approach that promises privacy by keeping the data on the device. However, gradient reconstruction and membership-inference attacks show that model updates still leak information.…

Cryptography and Security · Computer Science 2025-09-04 Pedro Correia , Ivan Silva , Ivone Amorim , Eva Maia , Isabel Praça

High Frequency Trading (HFT) represents an ever growing proportion of all financial transactions as most markets have now switched to electronic order book systems. The main goal of the paper is to propose continuous time equations which…

Trading and Market Microstructure · Quantitative Finance 2013-12-10 Rene Carmona , Kevin Webster

Stock embedding is a method for vector representation of stocks. There is a growing demand for vector representations of stock, i.e., stock embedding, in wealth management sectors, and the method has been applied to various tasks such as…

Computation and Language · Computer Science 2024-08-07 Takehiro Takayanagi , Hiroki Sakaji , Kiyoshi Izumi

Omics data is widely employed in medical research to identify disease mechanisms and contains highly sensitive personal information. Federated Learning (FL) with Differential Privacy (DP) can ensure the protection of omics data privacy…

Cryptography and Security · Computer Science 2025-11-11 Yusaku Negoya , Feifei Cui , Zilong Zhang , Miao Pan , Tomoaki Ohtsuki , Aohan Li

Building on the functional-analytic framework of operator-valued kernels and un-truncated signature kernels, we propose a scalable, provably convergent signature-based algorithm for a broad class of high-dimensional, path-dependent hedging…

Functional Analysis · Mathematics 2025-02-06 Nicola Muca Cirone , Cristopher Salvi
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