English
Related papers

Related papers: Deep Attentive Survival Analysis in Limit Order Bo…

200 papers

This paper introduces KANFormer, a novel deep-learning-based model for predicting the time-to-fill of limit orders by leveraging both market- and agent-level information. KANFormer combines a Dilated Causal Convolutional network with a…

Artificial Intelligence · Computer Science 2025-12-08 Jinfeng Zhong , Emmanuel Bacry , Agathe Guilloux , Jean-François Muzy

Market by order (MBO) data - a detailed feed of individual trade instructions for a given stock on an exchange - is arguably one of the most granular sources of microstructure information. While limit order books (LOBs) are implicitly…

Trading and Market Microstructure · Quantitative Finance 2021-07-28 Zihao Zhang , Bryan Lim , Stefan Zohren

We showcase how Quantile Regression (QR) can be applied to forecast financial returns using Limit Order Books (LOBs), the canonical data source of high-frequency financial time-series. We develop a deep learning architecture that…

Trading and Market Microstructure · Quantitative Finance 2019-06-13 Zihao Zhang , Stefan Zohren , Stephen Roberts

Limit Order Books (LOBs) serve as a mechanism for buyers and sellers to interact with each other in the financial markets. Modelling and simulating LOBs is quite often necessary for calibrating and fine-tuning the automated trading…

Trading and Market Microstructure · Quantitative Finance 2024-03-04 Konark Jain , Nick Firoozye , Jonathan Kochems , Philip Treleaven

We propose a new model for the level I of a Limit Order Book (LOB), which incorporates the information about the standing orders at the opposite side of the book after each price change and the arrivals of new orders within the spread. Our…

Trading and Market Microstructure · Quantitative Finance 2016-03-15 Jonathan A. Chávez-Casillas , José E. Figueroa-López

The Limit Order Book (LOB), the mostly fundamental data of the financial market, provides a fine-grained view of market dynamics while poses significant challenges in dealing with the esteemed deep models due to its strong autocorrelation,…

Computational Engineering, Finance, and Science · Computer Science 2025-05-06 Muyao Zhong , Yushi Lin , Peng Yang

Market making (MM) is an important research topic in quantitative finance, the agent needs to continuously optimize ask and bid quotes to provide liquidity and make profits. The limit order book (LOB) contains information on all active…

Computational Finance · Quantitative Finance 2023-05-26 Hong Guo , Jianwu Lin , Fanlin Huang

In an order-driven financial market, the price of a financial asset is discovered through the interaction of orders - requests to buy or sell at a particular price - that are posted to the public limit order book (LOB). Therefore, LOB data…

Trading and Market Microstructure · Quantitative Finance 2021-03-03 Zijian Shi , Yu Chen , John Cartlidge

The limit order book (LOB) depicts the fine-grained demand and supply relationship for financial assets and is widely used in market microstructure studies. Nevertheless, the availability and high cost of LOB data restrict its wider…

Trading and Market Microstructure · Quantitative Finance 2021-07-02 Zijian Shi , John Cartlidge

Managing perishable products with limited lifetimes is a fundamental challenge in inventory management, as poor ordering decisions can quickly lead to stockouts or excessive waste. We study a perishable inventory system with random lead…

Machine Learning · Computer Science 2026-01-23 Xuan Liao , Zhenkang Peng , Ying Rong

We investigate the behavior of limit order books on the meso-scale motivated by order execution scheduling algorithms. To do so we carry out empirical analysis of the order flows from market and limit order submissions, aggregated from…

Trading and Market Microstructure · Quantitative Finance 2017-08-10 Kyle Bechler , Michael Ludkovski

Survival analysis/time-to-event models are extremely useful as they can help companies predict when a customer will buy a product, churn or default on a loan, and therefore help them improve their ROI. In this paper, we introduce a new…

Machine Learning · Statistics 2018-01-18 Stephane Fotso

This paper develops a new neural network architecture for modeling spatial distributions (i.e., distributions on R^d) which is computationally efficient and specifically designed to take advantage of the spatial structure of limit order…

Trading and Market Microstructure · Quantitative Finance 2016-07-06 Justin Sirignano

In electronic trading markets, limit order books (LOBs) provide information about pending buy/sell orders at various price levels for a given security. Recently, there has been a growing interest in using LOB data for resolving downstream…

Statistical Finance · Quantitative Finance 2022-11-22 Defu Cao , Yousef El-Laham , Loc Trinh , Svitlana Vyetrenko , Yan Liu

In high-frequency trading (HFT), leveraging limit order books (LOB) to model stock price movements is crucial for achieving profitable outcomes. However, this task is challenging due to the high-dimensional and volatile nature of the…

Trading and Market Microstructure · Quantitative Finance 2025-05-30 Jiahao Yang , Ran Fang , Ming Zhang , Jun Zhou

We propose a microscopic model to describe the dynamics of the fundamental events in the limit order book (LOB): order arrivals and cancellations. It is based on an operator algebra for individual orders and describes their effect on the…

Trading and Market Microstructure · Quantitative Finance 2021-05-06 Johannes Bleher , Michael Bleher , Thomas Dimpfl

We introduce a new deep learning architecture for predicting price movements from limit order books. This architecture uses a causal convolutional network for feature extraction in combination with masked self-attention to update features…

Computational Finance · Quantitative Finance 2020-03-03 James Wallbridge

Limit order book (LOB) is a dynamic, event-driven system that records real-time market demand and supply for a financial asset in a stream flow. Event stream prediction in LOB refers to forecasting both the timing and the type of events.…

Statistical Finance · Quantitative Finance 2024-12-16 Zetao Zheng , Guoan Li , Deqiang Ouyang , Decui Liang , Jie Shao

The recent surge in Deep Learning (DL) research of the past decade has successfully provided solutions to many difficult problems. The field of quantitative analysis has been slowly adapting the new methods to its problems, but due to…

The present work addresses theoretical and practical questions in the domain of Deep Learning for High Frequency Trading. State-of-the-art models such as Random models, Logistic Regressions, LSTMs, LSTMs equipped with an Attention mask,…

Trading and Market Microstructure · Quantitative Finance 2020-10-20 Antonio Briola , Jeremy Turiel , Tomaso Aste