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Related papers: Deep Limit Order Book Forecasting

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We develop a large-scale deep learning model to predict price movements from limit order book (LOB) data of cash equities. The architecture utilises convolutional filters to capture the spatial structure of the limit order books as well as…

Computational Finance · Quantitative Finance 2020-01-24 Zihao Zhang , Stefan Zohren , Stephen Roberts

With the proliferation of algorithmic high-frequency trading in financial markets, the Limit Order Book has generated increased research interest. Research is still at an early stage and there is much we do not understand about the dynamics…

Trading and Market Microstructure · Quantitative Finance 2019-02-05 Faisal I Qureshi

Algorithmic trading relies on extracting meaningful signals from diverse financial data sources, including candlestick charts, order statistics on put and canceled orders, traded volume data, limit order books, and news flow. While deep…

Machine Learning · Computer Science 2025-04-22 Kasymkhan Khubiev , Mikhail Semenov

Forecasting the movements of stock prices is one the most challenging problems in financial markets analysis. In this paper, we use Machine Learning (ML) algorithms for the prediction of future price movements using limit order book data.…

Computational Engineering, Finance, and Science · Computer Science 2019-04-09 Paraskevi Nousi , Avraam Tsantekidis , Nikolaos Passalis , Adamantios Ntakaris , Juho Kanniainen , Anastasios Tefas , Moncef Gabbouj , Alexandros Iosifidis

We introduce a novel large-scale deep learning model for Limit Order Book mid-price changes forecasting, and we name it `HLOB'. This architecture (i) exploits the information encoded by an Information Filtering Network, namely the…

Trading and Market Microstructure · Quantitative Finance 2024-06-05 Antonio Briola , Silvia Bartolucci , Tomaso Aste

Managing the prediction of metrics in high-frequency financial markets is a challenging task. An efficient way is by monitoring the dynamics of a limit order book to identify the information edge. This paper describes the first publicly…

Computational Engineering, Finance, and Science · Computer Science 2020-03-12 Adamantios Ntakaris , Martin Magris , Juho Kanniainen , Moncef Gabbouj , Alexandros Iosifidis

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

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

The success of deep learning-based limit order book forecasting models is highly dependent on the quality and the robustness of the input data representation. A significant body of the quantitative finance literature focuses on utilising…

Trading and Market Microstructure · Quantitative Finance 2022-12-08 Yufei Wu , Mahmoud Mahfouz , Daniele Magazzeni , Manuela Veloso

In this paper, we conduct a systematic large-scale analysis of order book-driven predictability in high-frequency returns by leveraging deep learning techniques. First, we introduce a new and robust representation of the order book, the…

Computational Finance · Quantitative Finance 2023-10-10 Lorenzo Lucchese , Mikko Pakkanen , Almut Veraart

Mid-price movement prediction based on limit order book (LOB) data is a challenging task due to the complexity and dynamics of the LOB. So far, there have been very limited attempts for extracting relevant features based on LOB data. In…

Statistical Finance · Quantitative Finance 2019-06-11 Adamantios Ntakaris , Giorgio Mirone , Juho Kanniainen , Moncef Gabbouj , Alexandros Iosifidis

The recent advancements in Deep Learning (DL) research have notably influenced the finance sector. We examine the robustness and generalizability of fifteen state-of-the-art DL models focusing on Stock Price Trend Prediction (SPTP) based on…

Trading and Market Microstructure · Quantitative Finance 2023-09-21 Matteo Prata , Giuseppe Masi , Leonardo Berti , Viviana Arrigoni , Andrea Coletta , Irene Cannistraci , Svitlana Vyetrenko , Paola Velardi , Novella Bartolini

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

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

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

Managing high-frequency data in a limit order book (LOB) is a complex task that often exceeds the capabilities of conventional time-series forecasting models. Accurately predicting the entire multi-level LOB, beyond just the mid-price, is…

Computational Finance · Quantitative Finance 2024-11-05 Jiwon Jung , Kiseop Lee

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

This study explores the prediction of high-frequency price changes using deep learning models. Although state-of-the-art methods perform well, their complexity impedes the understanding of successful predictions. We found that an…

Statistical Finance · Quantitative Finance 2024-09-24 Kyungsub Lee

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

This work proposes DeepFolio, a new model for deep portfolio management based on data from limit order books (LOB). DeepFolio solves problems found in the state-of-the-art for LOB data to predict price movements. Our evaluation consists of…

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