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The study proposes a quote-driven predictive automated market maker (AMM) platform with on-chain custody and settlement functions, alongside off-chain predictive reinforcement learning capabilities to improve liquidity provision of…

Trading and Market Microstructure · Quantitative Finance 2023-01-27 Tristan Lim

We consider assortment and inventory planning problems with dynamic stockout-based substitution effects, and without replenishment, in two different settings: (1) Customers can see all available products when they arrive, a typical scenario…

Optimization and Control · Mathematics 2025-01-09 Shuo Sun , Rajan Udwani , Zuo-Jun Max Shen

In this paper, we focused on using deep learning methods for detecting money laundering in financial transaction networks, in order to demonstrate that it can be used as a complement or instead of the more commonly used rule-based systems…

Machine Learning · Computer Science 2025-09-25 Mashkhal Abdalwahid Sidiq , Yimamu Kirubel Wondaferew

In various practical situations, forecasting of aggregate values rather than individual ones is often our main focus. For instance, electricity companies are interested in forecasting the total electricity demand in a specific region to…

Methodology · Statistics 2025-08-22 Kei Hirose , Hidetoshi Matsui , Hiroki Masuda

In this work, we tackle the problem of minimising the Conditional-Value-at-Risk (CVaR) of output quantities of complex differential models with random input data, using gradient-based approaches in combination with the Multi-Level Monte…

Numerical Analysis · Mathematics 2023-10-16 Sundar Ganesh , Fabio Nobile

Consider a finite set of trade orders and automated market makers (AMMs) at some state. We propose a solution to the problem of finding an equilibrium price vector to execute all the orders jointly with corresponding optimal AMMs swaps. The…

Mathematical Finance · Quantitative Finance 2024-01-02 Sergio A. Yuhjtman

We introduce a new framework for optimal routing and arbitrage in AMM driven markets. This framework improves on the original best-practice convex optimization by restricting the search to the boundary of the optimal space. We can…

Mathematical Finance · Quantitative Finance 2025-02-13 Stefan Loesch , Mark Bentley Richardson

Constraint ordering plays a critical role in the efficiency of Mixed-Integer Linear Programming (MILP) solvers, particularly for large-scale problems where poorly ordered constraints trigger increased LP iterations and suboptimal search…

Machine Learning · Computer Science 2025-04-08 Shuli Zeng , Mengjie Zhou , Sijia Zhang , Yixiang Hu , Feng Wu , Xiang-Yang Li

We address the problem of executing large client orders in continuous double-auction markets under time and liquidity constraints. We propose a model predictive control (MPC) framework that balances three competing objectives: order…

Trading and Market Microstructure · Quantitative Finance 2026-04-01 Thomas P. McAuliffe , Samuel Liew , Yuchao Li , Andrey Ushenin , Chihang Wang , Alexandros Tasos , Jack Pearce , Dimitris Tasoulis , Dimitri P. Bertsekas , Theodoros Tsagaris

As a trusted middleware connecting the blockchain and the real world, the blockchain oracle can obtain trusted real-time price information for financial applications such as payment and settlement, and asset valuation on the blockchain.…

Cryptography and Security · Computer Science 2024-10-17 Youquan Xian , Xueying Zeng , Hao Wu , Danping Yang , Peng Wang , Peng Liu

Arbitrage can arise from the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. This work systematically reviews arbitrage opportunities between Automated Market Makers…

Cryptography and Security · Computer Science 2024-06-27 Krzysztof Gogol , Johnnatan Messias , Deborah Miori , Claudio Tessone , Benjamin Livshits

This paper presents a general framework for the design and analysis of exchange mechanisms between two assets that unifies and enables comparisons between the two dominant paradigms for exchange, constant function market markers (CFMMs) and…

Functional Analysis · Mathematics 2023-04-21 Jason Milionis , Ciamac C. Moallemi , Tim Roughgarden

We propose LazyLedger, a design for distributed ledgers where the blockchain is optimised for solely ordering and guaranteeing the availability of transaction data. Responsibility for executing and validating transactions is shifted to only…

Cryptography and Security · Computer Science 2019-06-11 Mustafa Al-Bassam

The purpose of Inventory Pricing is to bid the right prices to online ad opportunities, which is crucial for a Demand-Side Platform (DSP) to win advertising auctions in Real-Time Bidding (RTB). In the planning stage, advertisers need the…

Machine Learning · Computer Science 2021-10-27 Xu Li , Michelle Ma Zhang , Youjun Tong , Zhenya Wang

There has been recent interest in the use of machine learning (ML) approaches within mathematical software to make choices that impact on the computing performance without affecting the mathematical correctness of the result. We address the…

Symbolic Computation · Computer Science 2019-07-17 Matthew England , Dorian Florescu

Maximal Extractable Value (MEV) is value extractable by temporary monopoly power commonly found in decentralized systems. This extraction stems from a lack of user privacy upon transaction submission and the ability of a monopolist…

Computer Science and Game Theory · Computer Science 2023-09-26 Tarun Chitra

Multiversion Concurrency Control (MVCC) is a widely adopted concurrency control mechanism in database systems, which usually utilizes timestamps to resolve conflicts between transactions. However, centralized allocation of timestamps is a…

Databases · Computer Science 2018-06-06 Xuan Zhou , Xin Zhou , Zhengtai Yu , Hua Guo , Kian-Lee Tan

Decentralized exchanges are widely used platforms for trading crypto assets. The most common types work with automated market makers (AMM), allowing traders to exchange assets without needing to find matching counterparties. Thereby,…

General Economics · Economics 2024-02-12 Matthias Hafner , Helmut Dietl

We describe a plausible probabilistic model for a blockchain queueing environment in which rational, profit-maximising schedulers impose adversarial disciplines on incoming messages containing a payload that encodes a state transition in a…

Probability · Mathematics 2023-02-17 Andrew W. Macpherson

The limit order book mechanism has been the core trading mechanism of the modern financial market. In the cryptocurrency market, centralized exchanges also adopt this limit order book mechanism and a centralized matching engine dynamically…

Computational Engineering, Finance, and Science · Computer Science 2022-12-21 Yeonwoo Jeong , Chanyoung Jeoung , Hosan Jeong , SangYoon Han , Juntae Kim