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Large Language Models (LLMs) have demonstrated impressive capabilities across a wide range of tasks. However, their proficiency and reliability in the specialized domain of financial data analysis, particularly focusing on data-driven…

Computation and Language · Computer Science 2024-06-17 Shu Liu , Shangqing Zhao , Chenghao Jia , Xinlin Zhuang , Zhaoguang Long , Jie Zhou , Aimin Zhou , Man Lan , Qingquan Wu , Chong Yang

Current financial large language models (FinLLMs) struggle with two critical limitations: the absence of objective evaluation metrics to assess the quality of stock analysis reports and a lack of depth in stock analysis, which impedes their…

Artificial Intelligence · Computer Science 2025-07-10 Shijie Han , Jingshu Zhang , Yiqing Shen , Kaiyuan Yan , Hongguang Li

The effectiveness of Large Language Models (LLMs) in generating accurate responses relies heavily on the quality of input provided, particularly when employing Retrieval Augmented Generation (RAG) techniques. RAG enhances LLMs by sourcing…

Information Retrieval · Computer Science 2024-08-02 Spurthi Setty , Harsh Thakkar , Alyssa Lee , Eden Chung , Natan Vidra

Financial decision-making requires processing vast amounts of real-time information while understanding their complex temporal relationships. While traditional search engines excel at providing real-time information access, they often…

Information Retrieval · Computer Science 2025-02-25 Jinzheng Li , Jingshu Zhang , Hongguang Li , Yiqing Shen

Alpha factor mining is pivotal in quantitative investment for identifying predictive signals from complex financial data. While traditional formulaic alpha mining relies on human expertise, contemporary automated methods, such as those…

Artificial Intelligence · Computer Science 2025-11-13 Yu Shi , Yitong Duan , Jian Li

As a typical and practical application of Large Language Models (LLMs), Retrieval-Augmented Generation (RAG) techniques have gained extensive attention, particularly in vertical domains where LLMs may lack domain-specific knowledge. In this…

Computation and Language · Computer Science 2025-02-18 Shuting Wang , Jiejun Tan , Zhicheng Dou , Ji-Rong Wen

Real-world financial analysis involves information across multiple languages and modalities, from reports and news to scanned filings and meeting recordings. Yet most existing evaluations of LLMs in finance remain text-only, monolingual,…

Reinforcement learning (RL) is an innovative approach to financial decision making, offering specialized solutions to complex investment problems where traditional methods fail. This review analyzes 167 articles from 2017--2025, focusing on…

Computational Finance · Quantitative Finance 2025-12-12 Mohammad Rezoanul Hoque , Md Meftahul Ferdaus , M. Kabir Hassan

Financial trading has been a challenging task, as it requires the integration of vast amounts of data from various modalities. Traditional deep learning and reinforcement learning methods require large training data and often involve…

Trading and Market Microstructure · Quantitative Finance 2024-11-15 Sorouralsadat Fatemi , Yuheng Hu

Retrieval-Augmented Generation (RAG) has emerged as a promising framework to mitigate hallucinations in Large Language Models (LLMs), yet its overall performance is dependent on the underlying retrieval system. In the finance domain,…

Information Retrieval · Computer Science 2025-03-20 Sejong Kim , Hyunseo Song , Hyunwoo Seo , Hyunjun Kim

Recent years have witnessed the successful marriage of finance innovations and AI techniques in various finance applications including quantitative trading (QT). Despite great research efforts devoted to leveraging deep learning (DL)…

Trading and Market Microstructure · Quantitative Finance 2019-08-08 Jingyuan Wang , Yang Zhang , Ke Tang , Junjie Wu , Zhang Xiong

The remarkable achievements and rapid advancements of Large Language Models (LLMs) such as ChatGPT and GPT-4 have showcased their immense potential in quantitative investment. Traders can effectively leverage these LLMs to analyze financial…

Computation and Language · Computer Science 2023-10-11 Yujie Ding , Shuai Jia , Tianyi Ma , Bingcheng Mao , Xiuze Zhou , Liuliu Li , Dongming Han

While Large Language Model (LLM) agents show promise in automated trading, they still face critical limitations. Prominent multi-agent frameworks often suffer from inefficiency, produce inconsistent signals, and lack the end-to-end…

Computational Engineering, Finance, and Science · Computer Science 2026-04-21 Zheye Deng , Weixiang Yan , Changlong Yu , Jiashu Wang

Large Language Models (LLMs) have demonstrated impressive capabilities across various domains, but their effectiveness in financial decision-making remains inadequately evaluated. Current benchmarks primarily assess LLMs' understanding on…

Multiagent Systems · Computer Science 2025-06-27 Changlun Li , Yao Shi , Yuyu Luo , Nan Tang

Multi-step symbolic reasoning is essential for robust financial analysis; yet, current benchmarks largely overlook this capability. Existing datasets such as FinQA and ConvFinQA emphasize final numerical answers while neglecting the…

The hallucination issue is recognized as a fundamental deficiency of large language models (LLMs), especially when applied to fields such as finance, education, and law. Despite the growing concerns, there has been a lack of empirical…

Computation and Language · Computer Science 2023-11-28 Haoqiang Kang , Xiao-Yang Liu

Financial institutions and regulators require systems that integrate heterogeneous data to assess risks from stock fluctuations to systemic vulnerabilities. Existing approaches often treat these tasks in isolation, failing to capture…

Machine Learning · Computer Science 2026-01-07 Gongao Zhang , Haijiang Zeng , Lu Jiang

Large language models (LLMs) have demonstrated remarkable capabilities across various professional domains, with their performance typically evaluated through standardized benchmarks. In the financial field, the stringent demands for…

Computation and Language · Computer Science 2025-09-03 Feng Wang , Yiding Sun , Jiaxin Mao , Wei Xue , Danqing Xu

Large language models (LLMs) are increasingly deployed in financial research workflows, where their role is evolving from single-model assistance for human analysts toward autonomous collaboration among multiple agents. Yet real-world…

Computation and Language · Computer Science 2026-05-11 Yiyun Zhu , Yidong Jiang , Ziwen Xu , Yinsheng Yao , Dawei Cheng , Jinru Ding , Jie Xu

This research project addresses the errors of financial numerical reasoning Question Answering (QA) tasks due to the lack of domain knowledge in finance. Despite recent advances in Large Language Models (LLMs), financial numerical questions…

Computation and Language · Computer Science 2026-01-01 Yukun Zhang , Stefan Elbl Droguett , Samyak Jain