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This paper uses deep learning to value derivatives. The approach is broadly applicable, and we use a call option on a basket of stocks as an example. We show that the deep learning model is accurate and very fast, capable of producing…

Computational Finance · Quantitative Finance 2018-10-19 Ryan Ferguson , Andrew Green

Deep Neural Networks (DNNs) have recently achieved great success in many classification tasks. Unfortunately, they are vulnerable to adversarial attacks that generate adversarial examples with a small perturbation to fool DNN models,…

Machine Learning · Computer Science 2022-07-07 Xiaowei Zhou , Ivor W. Tsang , Jie Yin

In this work, we investigate the market-making problem on a trading session in which a continuous phase on a limit order book is followed by a closing auction. Whereas standard optimal market-making models typically rely on terminal…

Trading and Market Microstructure · Quantitative Finance 2026-01-27 Julius Graf , Thibaut Mastrolia

Deep neural networks have achieved impressive supervised classification performance in many tasks including image recognition, speech recognition, and sequence to sequence learning. However, this success has not been translated to…

Machine Learning · Computer Science 2016-08-05 Arvind Neelakantan , Quoc V. Le , Ilya Sutskever

In deep learning, performance is strongly affected by the choice of architecture and hyperparameters. While there has been extensive work on automatic hyperparameter optimization for simple spaces, complex spaces such as the space of deep…

Machine Learning · Statistics 2017-05-01 Renato Negrinho , Geoff Gordon

Deep learning has been shown to outperform traditional machine learning algorithms across a wide range of problem domains. However, current deep learning algorithms have been criticized as uninterpretable "black-boxes" which cannot explain…

Artificial Intelligence · Computer Science 2017-09-07 Devinder Kumar , Graham W Taylor , Alexander Wong

Deep learning has shown that learned functions can dramatically outperform hand-designed functions on perceptual tasks. Analogously, this suggests that learned optimizers may similarly outperform current hand-designed optimizers, especially…

Neural and Evolutionary Computing · Computer Science 2019-06-11 Luke Metz , Niru Maheswaranathan , Jeremy Nixon , C. Daniel Freeman , Jascha Sohl-Dickstein

We propose a multi-step training method for designing generalized linear classifiers. First, an initial multi-class linear classifier is found through regression. Then validation error is minimized by pruning of unnecessary inputs.…

Machine Learning · Computer Science 2023-12-15 Kanishka Tyagi , Chinmay Rane , Michael Manry

While it is widely known that neural networks are universal approximators of continuous functions, a less known and perhaps more powerful result is that a neural network with a single hidden layer can approximate accurately any nonlinear…

Machine Learning · Computer Science 2021-11-03 Lu Lu , Pengzhan Jin , George Em Karniadakis

We study the dynamic portfolio selection of an investor who uses deep learning methods to forecast stock market excess returns. In a two-asset allocation problem, deep neural networks -- both feedforward and long short-term memory (LSTM)…

General Finance · Quantitative Finance 2026-02-16 Mykola Babiak , Jozef Barunik

Deep Learning models have become dominant in tackling financial time-series analysis problems, overturning conventional machine learning and statistical methods. Most often, a model trained for one market or security cannot be directly…

Machine Learning · Computer Science 2022-07-26 Mostafa Shabani , Dat Thanh Tran , Juho Kanniainen , Alexandros Iosifidis

In the context of classification problems, Deep Learning (DL) approaches represent state of art. Many DL approaches are based on variations of standard multi-layer feed-forward neural networks. These are also referred to as deep networks.…

Machine Learning · Computer Science 2023-11-21 Andrea Apicella , Francesco Isgrò , Roberto Prevete

In this work we present a data-driven end-to-end Deep Learning approach for time series prediction, applied to financial time series. A Deep Learning scheme is derived to predict the temporal trends of stocks and ETFs in NYSE or NASDAQ. Our…

Signal Processing · Electrical Eng. & Systems 2017-11-15 Ariel Navon , Yosi Keller

Active researches are currently being performed to incorporate the wealth of scientific knowledge into data-driven approaches (e.g., neural networks) in order to improve the latter's effectiveness. In this study, the Theory-guided Neural…

Machine Learning · Computer Science 2020-03-03 Nanzhe Wang , Dongxiao Zhang , Haibin Chang , Heng Li

Interpretation of Deep Neural Networks (DNNs) training as an optimal control problem with nonlinear dynamical systems has received considerable attention recently, yet the algorithmic development remains relatively limited. In this work, we…

Machine Learning · Computer Science 2021-06-14 Guan-Horng Liu , Tianrong Chen , Evangelos A. Theodorou

In this paper, we propose a principled deep reinforcement learning (RL) approach that is able to accelerate the convergence rate of general deep neural networks (DNNs). With our approach, a deep RL agent (synonym for optimizer in this work)…

Machine Learning · Computer Science 2017-07-14 Jie Fu

This article explores the optimisation of trading strategies in Constant Function Market Makers (CFMMs) and centralised exchanges. We develop a model that accounts for the interaction between these two markets, estimating the conditional…

Trading and Market Microstructure · Quantitative Finance 2026-05-06 Sebastian Jaimungal , Yuri F. Saporito , Max O. Souza , Yuri Thamsten

In this study, we propose a novel deep learning-based method to predict an optimized structure for a given boundary condition and optimization setting without using any iterative scheme. For this purpose, first, using open-source topology…

Machine Learning · Computer Science 2018-10-30 Yonggyun Yu , Taeil Hur , Jaeho Jung , In Gwun Jang

Deep neural networks (DNNs) may outperform human brains in complex tasks, but the lack of transparency in their decision-making processes makes us question whether we could fully trust DNNs with high stakes problems. As DNNs' operations…

Machine Learning · Computer Science 2020-03-19 Jung Hoon Lee

In general, traders test their trading strategies by applying them on the historical market data (backtesting), and then apply to the future trades the strategy that achieved the maximum profit on such past data. In this paper, we propose a…

Trading and Market Microstructure · Quantitative Finance 2022-10-24 Ivan Letteri , Giuseppe Della Penna , Giovanni De Gasperis , Abeer Dyoub
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