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Quantitative backtesting is essential for evaluating trading strategies but remains hampered by high technical barriers and limited scalability. While Large Language Models (LLMs) offer a transformative path to automate this complex,…

Computation and Language · Computer Science 2026-05-26 Zhensheng Wang , Wenmian Yang , Qingtai Wu , Lequan Ma , Yiquan Zhang , Weijia Jia

Large language models have demonstrated strong performance on general-purpose programming tasks, yet their ability to generate executable algorithmic trading strategies remains underexplored. Unlike standard code benchmarks,…

Computation and Language · Computer Science 2026-04-17 Alexey Khoroshilov , Alexey Chernysh , Orkhan Ekhtibarov , Nini Kamkia , Dmitry Zmitrovich

The rapid advancement of Large Language Models (LLMs) has led to a surge of financial benchmarks, evolving from static knowledge evaluation toward interactive trading simulations. However, existing frameworks for evaluating real-time…

Trading and Market Microstructure · Quantitative Finance 2026-05-28 Wentao Zhang , Mingxuan Zhao , Jincheng Gao , Jieshun You , Huaiyu Jia , Yilei Zhao , Bo An , Shuo Sun

Large language models (LLMs) demonstrate strong potential as autonomous agents, with promising capabilities in reasoning, tool use, and sequential decision-making. While prior benchmarks have evaluated LLM agents in various domains, the…

Machine Learning · Computer Science 2026-03-03 Yanxu Chen , Zijun Yao , Yantao Liu , Amy Xin , Jin Ye , Jianing Yu , Lei Hou , Juanzi Li

Large language models (LLMs) achieve strong performance across benchmarks--from knowledge quizzes and math reasoning to web-agent tasks--but these tests occur in static settings, lacking real dynamics and uncertainty. Consequently, they…

Trading and Market Microstructure · Quantitative Finance 2025-11-06 Haofei Yu , Fenghai Li , Jiaxuan You

Recent deployments of large language models (LLMs) as autonomous trading agents raise questions about whether financial decision-making competence generalizes beyond specific market patterns and how it should be trained and evaluated in…

Machine Learning · Computer Science 2026-04-21 Yuchen Pan , Soung Chang Liew

Large Language Models (LLMs) have recently achieved impressive performance in math and reasoning benchmarks. However, they often struggle with logic problems and puzzles that are relatively easy for humans. To further investigate this, we…

Artificial Intelligence · Computer Science 2025-09-16 Nasim Borazjanizadeh , Roei Herzig , Trevor Darrell , Rogerio Feris , Leonid Karlinsky

This study introduces a benchmark framework for evaluating the financial decision-making capabilities of large language models (LLMs) through portfolio optimization problems with mathematically explicit solutions. Unlike existing financial…

Portfolio Management · Quantitative Finance 2026-05-28 Hanyong Cho , Jang Ho Kim

Large language models (LLMs) have shown promise in transforming machine learning research, yet their capability to faithfully implement novel ideas from recent research papers-ideas unseen during pretraining-remains unclear. We introduce…

Artificial Intelligence · Computer Science 2025-06-04 Tianyu Hua , Harper Hua , Violet Xiang , Benjamin Klieger , Sang T. Truong , Weixin Liang , Fan-Yun Sun , Nick Haber

Large language models (LLMs) are increasingly used as quantitative research copilots to translate natural-language strategy specifications into executable trading code. Yet most existing evaluations either focus on static financial…

Software Engineering · Computer Science 2026-04-07 Yuchen Cao , Hanlin Zhang , Jacky Wai Keung , Yang Chen , Linqi Song

Existing financial NLP benchmarks often rely on labels supplied by outside observers, measuring how language is perceived rather than what speakers have committed to in the market. We introduce StakeBench, an evaluation framework for…

Computation and Language · Computer Science 2026-05-26 Yunhua Pei , Jingyu Hu , Yiwei Shi , Hongnan Ma , Weiru Liu , John Cartlidge

We introduce SimulBench, a benchmark designed to evaluate large language models (LLMs) across a diverse collection of creative simulation scenarios, such as acting as a Linux terminal or playing text games with users. While these simulation…

Computation and Language · Computer Science 2024-09-13 Qi Jia , Xiang Yue , Tianyu Zheng , Jie Huang , Bill Yuchen Lin

While Large Language Models (LLMs) can accelerate text-heavy tasks in alternative investment due diligence, a gap remains in their ability to accurately extract and reason over structured tabular data from complex financial spreadsheets.…

Artificial Intelligence · Computer Science 2026-03-10 Jan Ravnik , Matjaž Ličen , Felix Bührmann , Bithiah Yuan , Felix Stinson , Tanvi Singh

Large Language Models are increasingly applied in the petroleum industry, highlighting the need for a domain-specific evaluation framework. This study develops a benchmark for LLMs in petroleum engineering, including a three-stage process…

Artificial Intelligence · Computer Science 2026-05-28 Xiang Wang , Tingting Zhang , Sen Wang , Ying Wu , Heng Meng , Peng Zhou , Peng Li

The ability of large language models (LLMs) to manage and acquire economic resources remains unclear. In this paper, we introduce \textbf{Market-Bench}, a comprehensive benchmark that evaluates the capabilities of LLMs in…

Artificial Intelligence · Computer Science 2026-04-21 Yushuo Zheng , Huiyu Duan , Zicheng Zhang , Yucheng Zhu , Xiongkuo Min , Guangtao Zhai

Open Large Language Model (LLM) benchmarks, such as HELM and BIG-Bench, provide standardized and transparent evaluation protocols that support comparative analysis, reproducibility, and systematic progress tracking in Language Model (LM)…

Computation and Language · Computer Science 2026-01-08 Md. Najib Hasan , Md Mahadi Hassan Sibat , Mohammad Fakhruddin Babar , Souvika Sarkar , Monowar Hasan , Santu Karmaker

Despite Large Language Models (LLMs) like GPT-4 achieving impressive results in function-level code generation, they struggle with repository-scale code understanding (e.g., coming up with the right arguments for calling routines),…

We introduce LemonadeBench v0.5, a minimal benchmark for evaluating economic intuition, long-term planning, and decision-making under uncertainty in large language models (LLMs) through a simulated lemonade stand business. Models must…

General Finance · Quantitative Finance 2026-02-18 Aidan Vyas

This paper investigates whether large language models (LLMs) can generate reliable stock market predictions. We evaluate four state-of-the-art models - ChatGPT, Gemini, DeepSeek, and Perplexity - across three prompting strategies: a naive…

Trading and Market Microstructure · Quantitative Finance 2026-04-21 Ricardo Crisostomo , Diana Mykhalyuk

Large Language Models (LLMs) are increasingly used as evaluators of reasoning quality, yet their reliability and bias in payments-risk settings remain poorly understood. We introduce a structured multi-evaluator framework for assessing LLM…

Artificial Intelligence · Computer Science 2026-02-06 Liang Wang , Junpeng Wang , Chin-chia Michael Yeh , Yan Zheng , Jiarui Sun , Xiran Fan , Xin Dai , Yujie Fan , Yiwei Cai
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