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The existence of stylized facts in financial data has been documented in many studies. In the past decade the modeling of financial markets by agent-based computational economic market models has become a frequently used modeling approach.…

General Finance · Quantitative Finance 2019-12-06 Simon Cramer , Torsten Trimborn

Misinformation is still a major societal problem and the arrival of Large Language Models (LLMs) only added to it. This paper analyzes synthetic, false, and genuine information in the form of text from spectral analysis, visualization, and…

Artificial Intelligence · Computer Science 2024-07-09 Vishnu S. Pendyala , Madhulika Dutta

Personalisation of products and services is fast becoming the driver of success in banking and commerce. Machine learning holds the promise of gaining a deeper understanding of and tailoring to customers' needs and preferences. Whereas…

Machine Learning · Computer Science 2022-06-30 Charl Maree , Christian Omlin

Model-based clustering methods for continuous data are well established and commonly used in a wide range of applications. However, model-based clustering methods for categorical data are less standard. Latent class analysis is a commonly…

Methodology · Statistics 2013-02-20 Isabella Gollini , Thomas Brendan Murphy

The recent application of deep learning models to financial trading has heightened the need for high fidelity financial time series data. This synthetic data can be used to supplement historical data to train large trading models. The…

Computational Finance · Quantitative Finance 2025-10-28 Ollie Olby , Rory Baggott , Namid Stillman

Despite their significant economic contributions, Small and Medium Enterprises (SMEs) face persistent barriers to securing traditional financing due to information asymmetries. Cash flow lending has emerged as a promising alternative, but…

Computational Engineering, Finance, and Science · Computer Science 2025-08-08 Aluffi Pietro Alessandro , Brandi Jess , Marya Bazzi , Kate Kennedy , Matt Arderne , Daniel Rodrigues , Martin Lotz

Two elements have been essential to AI's recent boom: (1) deep neural nets and the theory and practice behind them; and (2) cloud computing with its abundant labeled data and large computing resources. Abundant labeled data is available for…

Databases · Computer Science 2019-10-09 Erik R. Altman

In this work we show how generative tools, which were successfully applied to limit order book data, can be utilized for the task of imitating trading agents. To this end, we propose a modified generative architecture based on the…

Computational Finance · Quantitative Finance 2025-09-03 Mateusz Wilinski , Juho Kanniainen

Most classification methods are based on the assumption that data conforms to a stationary distribution. The machine learning domain currently suffers from a lack of classification techniques that are able to detect the occurrence of a…

Machine Learning · Statistics 2012-01-05 Alzennyr Da Silva , Yves Lechevallier , Fabrice Rossi , Francisco De A. T. De Carvahlo

In many large scale distributed systems and on the web, agents need to interact with other unknown agents to carry out some tasks or transactions. The ability to reason about and assess the potential risks in carrying out such transactions…

Distributed, Parallel, and Cluster Computing · Computer Science 2011-03-02 Xin Liu , Gilles Tredan , Anwitaman Datta

Machine learning models underpin many modern financial systems for use cases such as fraud detection and churn prediction. Most are based on supervised learning with hand-engineered features, which relies heavily on the availability of…

Machine Learning · Computer Science 2024-01-05 Piotr Skalski , David Sutton , Stuart Burrell , Iker Perez , Jason Wong

In an illiquid stock, traders can collude and place orders on a predetermined price and quantity at a fixed schedule. This is usually done to manipulate the price of the stock or to create artificial liquidity in the stock, which may…

Trading and Market Microstructure · Quantitative Finance 2016-10-18 Suneel Sarswat , Kandathil Mathew Abraham , Subir Kumar Ghosh

In the past, financial stock markets have been studied with previous generations of multi-agent systems (MAS) that relied on zero-intelligence agents, and often the necessity to implement so-called noise traders to sub-optimally emulate…

Trading and Market Microstructure · Quantitative Finance 2019-10-14 J. Lussange , S. Bourgeois-Gironde , S. Palminteri , B. Gutkin

Financial markets are of much interest to researchers due to their dynamic and stochastic nature. With their relations to world populations, global economies and asset valuations, understanding, identifying and forecasting trends and…

Statistical Finance · Quantitative Finance 2021-08-13 Peter Akioyamen , Yi Zhou Tang , Hussien Hussien

The reproduction of realistic dynamics in financial markets is of great significance, as it enhances our understanding of market evolution beyond other physical processes, and facilitates the development and backtesting of investment…

Multiagent Systems · Computer Science 2025-10-14 Tianlang He , Fengming Zhu , Keyan Lu , Chang Xu , Yang Liu , Weiqing Liu , Fangzhen Lin , S. -H. Gary Chan , Jiang Bian

An agent-based model with interacting low frequency liquidity takers inter-mediated by high-frequency liquidity providers acting collectively as market makers can be used to provide realistic simulated price impact curves. This is possible…

Trading and Market Microstructure · Quantitative Finance 2021-08-23 Ivan Jericevich , Patrick Chang , Tim Gebbie

One of the biggest challenges in machine learning is data collection. Training data is an important part since it determines how the model will behave. In object classification, capturing a large number of images per object and in different…

Computer Vision and Pattern Recognition · Computer Science 2022-12-12 August Baaz , Yonan Yonan , Kevin Hernandez-Diaz , Fernando Alonso-Fernandez , Felix Nilsson

Deep learning technology has enabled successful modeling of complex facial features when high quality images are available. Nonetheless, accurate modeling and recognition of human faces in real world scenarios `on the wild' or under adverse…

Computer Vision and Pattern Recognition · Computer Science 2020-11-30 S. W. Arachchilage , E. Izquierdo

Distributed aggregative optimization methods are gaining increased traction due to their ability to address cooperative control and optimization problems, where the objective function of each agent depends not only on its own decision…

Multiagent Systems · Computer Science 2025-06-03 Ziqin Chen , Magnus Egerstedt , Yongqiang Wang

Financial inclusion ensures that individuals have access to financial products and services that meet their needs. As a key contributing factor to economic growth and investment opportunity, financial inclusion increases consumer spending…

Machine Learning · Computer Science 2024-02-20 Tristan Bester , Benjamin Rosman