Quant research, ranked weekly.

1. arXiv · No. 101

   Microstructure Invariance For Execution Policies

   An execution policy trained once on 954 stocks in normalized units generalizes to unseen assets, exchanges, and crypto with minimal performance loss.

   Fanfare 4Trading, Microstructure & Execution
   
2. SSRN · No. 102

   Evidence Audit of 91 LLM Trading Papers

   Fanfare 4ML & AI Methods

   Pre-registers and audits 91 LLM trading papers, finding 51% ignore trading costs, median test window is 12 months, and 98% fail to control for look-ahead bias in model training.

3. RePEc · No. 103

   Asymmetric Idiosyncratic Return Reversal

   Fanfare 4Asset Pricing & Factors
   
4. SSRN · No. 204

   Code-Paper Discrepancies in Finance Research

   Fanfare 4Econometrics & Forecasting

   A systematic audit of 1,820 economics and finance papers finds 10% of claims show discrepancies between code and description, with 49% containing potentially serious errors affecting central results.

5. RePEc · No. 205

   Debt Maturity Term Premium Inflation

   Fanfare 4Macro-Finance & Rates
   

1. Earnings and analysts

   1.5×
   This week44

   Typical29.7

   6.4% of this week's 689 new papers, 1.5x its share over the previous 7 weeks (4.3%).

   In this issue

   • Pre-Registered Tests on QQQ Option Chains
   • Agentic Search for Stochastic Discount Factors
   • Tabular Foundation Models For Earnings Forecasting

2. Foundation models

   2.1×
   This week13

   Typical6.3

   1.9% of this week's 689 new papers, 2.1x its share over the previous 7 weeks (0.9%).

   In this issue

   • Time-Series Foundation Models for Futures Returns
   • Market-Conditioned JEPA For Asset Prediction
   • Fine-Tuned Order-Flow Generative Model

3. Insurance

   1.5×
   This week31

   Typical20.5

   4.5% of this week's 689 new papers, 1.5x its share over the previous 7 weeks (3.0%).

   In this issue

   • Team Versus Solo Fund Managers

The radar, explained →

1. 534

   FinGPT: Open-Source Financial Large Language Models

   Featured 14 Jun 2023, 5 days after release

2. 290

   FinMem: A Performance-Enhanced LLM Trading Agent With Layered Memory and Character Design

   Featured 29 Nov 2023, 6 days after release · IEEE Transactions on Big Data

3. 258

   HybridRAG: Integrating Knowledge Graphs and Vector Retrieval Augmented Generation for Efficient Information Extraction

   Featured 15 Aug 2024, 6 days after release · Proceedings of the 5th ACM International Conference on AI in Finance

4. 255

   TradingAgents: Multi-Agents LLM Financial Trading Framework

   Featured 1 Jan 2025, 4 days after release

5. 195

   TKAN: Temporal Kolmogorov-Arnold Networks

   Featured 15 May 2024, 3 days after release

6. 148

   Instruct-FinGPT: Financial Sentiment Analysis by Instruction Tuning of General-Purpose Large Language Models

   Featured 28 Jun 2023, 6 days after release

The full track record →

13 November 2026Week 2

No. 139 · November 2026, Week 2

This week: generalization and robustness in execution and hedging; and systematic evidence failures in published quant research. Standouts: Microstructure Invariance For Execution Policies shows trained policies transfer across assets and venues. RL Hedging for Options cuts tail losses versus delta. Evidence Audit of…

1. Microstructure Invariance For Execution Policies
2. Evidence Audit of 91 LLM Trading Papers
3. Asymmetric Idiosyncratic Return Reversal

90 papers · arXiv 30 · SSRN 30 · RePEc 30

6 November 2026Week 1

No. 138 · November 2026, Week 1

This week spotlights credibility gaps in quantitative finance: LLMs lose predictive power in live trading despite strong backtests, knowledge cutoffs and future-look bias inflate strategy alphas, and reproducibility remains fragile. Standouts: LLM Stock-News Signals Under Scrutiny, LLM Knowledge Cutoffs and Backtests,…

1. LLM Stock-News Signals Under Scrutiny
2. The Hidden Sharpe Ratio
3. Newspaper Reasons Explain Returns

90 papers · arXiv 30 · SSRN 30 · RePEc 30

30 October 2026Week 5

No. 137 · October 2026, Week 5

This week centers on AI agent fragility in financial markets, real-time benchmark design preventing memorization, and cryptographic signals predicting equities. AI Equity Research Without Future Data reveals forecast accuracy well below overall performance; Fragility Of Synchronized Agentic Wealth Management quantifie…

1. AI Equity Research Without Future Data
2. AI Monoculture Paradox in Markets
3. 150 Years of US Inflation Expectations

90 papers · arXiv 30 · SSRN 30 · RePEc 30

23 October 2026Week 4

No. 136 · October 2026, Week 4

This week spans AI risk in trading, neural microstructure learning, and the frontier's limits. Key tensions emerge: LLM traders fall to information attacks while benchmarks show no leading model beats equal-weight; neural filters cut arbitrage uncertainty eightfold yet ML VaR models hide regime-shift failures. Mean-fi…

1. Information Injection Attacks on LLM Traders
2. ML Value-at-Risk Validation Under Regime Shifts
3. AI Productivity Gains Boost GDP Growth

90 papers · arXiv 30 · SSRN 30 · RePEc 30

16 October 2026Week 3

No. 135 · October 2026, Week 3

This week pivots toward machine learning in discovery and execution. Foundation models learn market regimes from order flow; genetic programming and RL agents discover alpha factors across assets and frequencies. But a survey of 47 LLM trading systems finds reported margins vanish on retest, and a massive pre-register…

1. Foundation Models Learn Market Regimes
2. LLM-Based Trading Systems Survey
3. Large Language Models in Economics Research

90 papers · arXiv 30 · SSRN 30 · RePEc 30

9 October 2026Week 2

No. 134 · October 2026, Week 2

This week centers on AI systemic risk, factor discovery limits, and monetary transmission channels. Agentic AI systems create non-diversifiable contagion floors despite fleet size; automated factor mining shows no paradigm dominates; and Fed policy transmits primarily through risk appetite shifts rather than rates. Se…

1. Agentic AI and Systemic Financial Risk
2. Quantitative Equity Evolution: Constraints and Alpha Decay
3. Risk Appetite and Monetary Transmission

90 papers · arXiv 30 · SSRN 30 · RePEc 30

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