arXiv subjects

Yiyan Qi

Publications and source records attributed to Yiyan Qi.

At least 19 recordsLinked to original sources

arXiv2026

Agentic Quantitative Trading: A Survey of Workflows, Systems, and Evaluation

Quantitative trading is moving from isolated predictive models toward agentic workflows that combine reasoning, tool use, memory, and feedback. This survey reviews agentic quantitative trading across five stages: factor mining, signal discovery, portfolio construction, order execution, and risk management. We further examine agentic quant trading systems through architecture, coordination, and adaptation, while comparing benchmarks across strategy construction, offline trading, live market evaluation, and reliability assessment. Our review finds that current systems remain concentrated on signal discovery, while complete integration with portfolio construction, execution, and risk control is still uncommon. Multi-agent systems also rely heavily on aggregation despite increasingly diverse workflow structures. Benchmark evidence further shows that strong model or forecasting capability does not reliably translate into trading performance under live market conditions and reliability controls. We conclude with future directions for more complete trading workflows, stronger coordination, and evaluation matched to the capability being assessed.

q-fin.CP↗

arXiv2026

$\varepsilon$-MemEvo: Adaptive Cross-Task Memory Transfer for LLM Program Evolution

LLM-based program evolution systems such as FunSearch and AlphaEvolve have shown strong ability to discover novel algorithms, but typically optimize each task in isolation, discarding search experience after completion. We introduce $\varepsilon$-MemEvo, a framework for cross-task knowledge transfer in LLM program evolution. $\varepsilon$-MemEvo stores prior experience as task-agnostic tactic memories: compact natural-language summaries of successful algorithmic strategies rather than raw code, enabling transfer across tasks with different APIs and evaluators. To avoid negative transfer from semantically mismatched memories, $\varepsilon$-MemEvo uses an adaptive injection gate that decides whether retrieved memories should be injected, and at what intensity. We evaluate $\varepsilon$-MemEvo on 8 diverse optimization benchmarks spanning mathematical optimization and systems engineering, using a content-level Leave-One-Out protocol that excludes target-task memory entries. On the primary GPT-5 backbone, $\varepsilon$-MemEvo improves AUCC over AdaEvolve on all 8 tasks, with a mean relative gain of +8.7%, and improves early-stage convergence by +9.4% on average. Ablations show that naive memory injection can fail catastrophically, while adaptive gating remains safe across all five ablation tasks. The data-updated posterior is interpretable in observed states: it favors skip during improving search and shifts from skip to hint across early and late plateaus. These gains incur less than 1% computational overhead.

cs.AI↗

arXiv2026

DASH-OPD: Discrepancy-Aware Switching with Hysteresis for On-Policy Distillation

On-policy distillation (OPD) trains student models on their own rollouts to reduce exposure bias. However, in multi-turn agent scenarios, early student errors can lead a trajectory away from the teacher's familiar domain. Existing curriculum learning methods regulate how much teacher support is used according to training progress, but cannot determine when it is needed. In light of this, we propose DASH-OPD, Discrepancy-Aware Switching with Hysteresis for OPD, the first agentic OPD method that can switch executors adaptively and bidirectionally. On each turn, DASH-OPD calculates a mean log-probability ratio between the two executors over action tokens as their discrepancy. Student-to-teacher ratios on student turns form drift signals, while teacher-to-student ratios on teacher turns form recovery signals. These signals are normalized and accumulated over multiple turns into drift and recovery evidence. DASH-OPD switches executors when the evidence exceeds its corresponding switching threshold. This multi-turn accumulation makes the switching hysteretic, preventing high-frequency switches caused by transient fluctuations. Across WebShop, ALFWorld, and ScienceWorld at two student-model scales, DASH-OPD outperforms five baselines in all 14 task-performance comparisons while yielding the shortest trajectories in nine of ten turn-count comparisons, offering the strongest overall performance-efficiency trade-off. This paper is a work in progress. Code, training logs, and model checkpoints will be released later.

cs.LG↗

arXiv2026

Budget-Aware LLM Discovery via Cost-Calibrated Frontier Utility

Large language models increasingly support scientific and algorithmic discovery through inference-time search over evaluated candidates. Existing adaptive discovery controllers assign credit based only on score progress, even though prompt length, retries, and guidance calls cause search actions to incur different token costs. We prove that cost-blind credit can forfeit all but a vanishing fraction of attainable quality as frontiers multiply and costs diverge. Under a fixed search-side token budget, the controller must decide which frontier is improving and whether its gain justifies the realized cost before the budget is exhausted. We introduce \textbf{CostAda}, a cost-calibrated adaptive controller built around \emph{cost-calibrated frontier utility}. The utility values frontier progress relative to realized action cost and conditions that credit on the remaining budget. CostAda uses this signal to control local exploration intensity, frontier allocation, and budgeted tactic intervention. Cost and remaining budget therefore shape the search rather than serving only as accounting variables or a stopping rule. CostAda reaches the strongest baseline's full-budget quality with at most half the budget on twelve of sixteen benchmark--backbone pairs while achieving the strongest mean final quality on all eight benchmarks under GLM-5 and GPT-5.4.

cs.LG↗

arXiv2026

Learning Discriminative and Generalizable Anomaly Detector for Dynamic Graph with Limited Supervision

Dynamic graph anomaly detection is critical for many real-world applications but remains challenging due to the scarcity of labeled anomalies. Existing methods are either unsupervised or semi-supervised: unsupervised methods avoid the need for labeled anomalies but often produce ambiguous boundary, whereas semi-supervised methods can overfit to the limited labeled anomalies and generalize poorly to unseen anomalies. To address this gap, we consider a largely underexplored problem: learning a discriminative boundary from normal/unlabeled data, while leveraging limited labeled anomalies \textbf{when available} without sacrificing generalization to unseen anomalies. In this paper, we propose an effective, generalizable, and model-agnostic framework with three main components: (i) residual representation encoding that capture deviations between current interactions and their historical context, providing anomaly-relevant signals; (ii) a restriction loss that constrain the normal representations within an interval bounded by two co-centered hyperspheres, ensuring consistent scales while keeping anomalies separable; (iii) a bi-boundary optimization strategy that learns a discriminative and robust boundary using the log-likelihood distribution modeled by a normalizing flow. Extensive experiments demonstrate the superiority of our framework across diverse evaluation settings.

cs.LG↗

arXiv2026

Demystifying Reinforcement Learning for Long-Horizon Tool-Using Agents: A Comprehensive Recipe

Reinforcement Learning (RL) is essential for evolving Large Language Models (LLMs) into autonomous agents capable of long-horizon planning, yet a practical recipe for scaling RL in complex, multi-turn environments remains elusive. This paper presents a systematic empirical study using TravelPlanner, a challenging testbed requiring tool orchestration to satisfy multifaceted constraints. We decompose the agentic RL design space along 5 axes: reward shaping, model scaling, data composition, algorithm selection, and environmental stability. Our controlled experiments yield 7 key takeaways, e.g., (1) reward and algorithm choices are scale-dependent as smaller models benefit from staged rewards and enhanced exploration, whereas larger models converge efficiently with simpler dense rewards, (2) ~ 1K training samples with a balanced difficulty mixture mark a sweet spot for both in-domain and out-of-domain performance, and (3) environmental stability is critical to prevent policy degradation. Based on our distilled recipe, our RL-trained models achieve state-of-the-art performance on TravelPlanner, significantly outperforming leading LLMs.

cs.LG↗

arXiv2026

VSearcher: Long-Horizon Multimodal Search Agent via Reinforcement Learning

Large models are increasingly becoming autonomous agents that interact with real-world environments and use external tools to augment their static capabilities. However, most recent progress has focused on text-only large language models, which are limited to a single modality and therefore have narrower application scenarios. On the other hand, multimodal large models, while offering stronger perceptual capabilities, remain limited to static knowledge and lack the ability to access and leverage up-to-date web information. In this paper, we propose VSearcher, turning static multimodal model into multimodal search agent capable of long-horizon, multi-turn tool use in real-world web environments, including text search, image search, and web browsing, via reinforcement learning. Specifically, we introduce Iterative Injection Data Synthesis pipeline to generate large-scale, complex multimodal QA questions, which are further filtered with comprehensive metrics to ensure high quality and sufficient difficulty. We then adopt an SFT-then-RL training pipeline to turn base multimodal models to agent capable of multi-turn tool calling in real-world web environments. Besides, we propose a multimodal search benchmark MM-SearchExam dedicated to evaluating search capabilities of multimodal search agents, which proves highly challenging for recent proprietary models. Extensive evaluations across multiple multimodal search benchmarks reveal effectiveness of our method. VSearcher achieves superior performance compared to recent multimodal search agents and even surpasses several proprietary models on multimodal web search tasks.

cs.CV↗

arXiv2026

Janus-Q: End-to-End Event-Driven Trading via Hierarchical-Gated Reward Modeling

Financial market movements are often driven by discrete financial events conveyed through news, whose impacts are heterogeneous, abrupt, and difficult to capture under purely numerical prediction objectives. These limitations have motivated growing interest in using textual information as the primary source of trading signals in learning-based systems. Two key challenges hinder existing approaches: (1) the absence of large-scale, event-centric datasets that jointly model news semantics and statistically grounded market reactions, and (2) the misalignment between language model reasoning and financially valid trading behavior under dynamic market conditions. To address these challenges, we propose Janus-Q, an end-to-end event-driven trading framework that elevates financial news events from auxiliary signals to primary decision units. Janus-Q unifies event-centric data construction and model optimization under a two-stage paradigm. Stage I focuses on event-centric data construction, building a large-scale financial news event dataset comprising 62,400 articles annotated with 10 fine-grained event types, associated stocks, sentiment labels, and event-driven cumulative abnormal return (CAR). Stage II performs decision-oriented fine-tuning, combining supervised learning with reinforcement learning guided by a Hierarchical Gated Reward Model (HGRM), which explicitly captures trade-offs among multiple trading objectives. Extensive experiments demonstrate that Janus-Q achieves more consistent, interpretable, and profitable trading decisions than market indices and LLM baselines, improving the Sharpe Ratio by up to 102.0% while increasing direction accuracy by over 17.5% compared to the strongest competing strategies.

cs.CL↗

arXiv2026

ReAttn: Improving Attention-based Re-ranking via Attention Re-weighting

The strong capabilities of recent Large Language Models (LLMs) have made them highly effective for zero-shot re-ranking task. Attention-based re-ranking methods, which derive relevance scores directly from attention weights, offer an efficient and interpretable alternative to generation-based re-ranking methods. However, they still face two major limitations. First, attention signals are highly concentrated a small subset of tokens within a few documents, making others indistinguishable. Second, attention often overemphasizes phrases lexically similar to the query, yielding biased rankings that irrelevant documents with mere lexical resemblance are regarded as relevant. In this paper, we propose \textbf{ReAttn}, a post-hoc re-weighting strategy for attention-based re-ranking methods. It first compute the cross-document IDF weighting to down-weight attention on query-overlapping tokens that frequently appear across the candidate documents, reducing lexical bias and emphasizing distinctive terms. It then employs entropy-based regularization to mitigate over-concentrated attention, encouraging a more balanced distribution across informative tokens. Both adjustments operate directly on existing attention weights without additional training or supervision. Extensive experiments demonstrate the effectiveness of our method.

cs.CL↗

arXiv2025

Golden Touchstone: A Comprehensive Bilingual Benchmark for Evaluating Financial Large Language Models

As large language models (LLMs) increasingly permeate the financial sector, there is a pressing need for a standardized method to comprehensively assess their performance. Existing financial benchmarks often suffer from limited language and task coverage, low-quality datasets, and inadequate adaptability for LLM evaluation. To address these limitations, we introduce Golden Touchstone, a comprehensive bilingual benchmark for financial LLMs, encompassing eight core financial NLP tasks in both Chinese and English. Developed from extensive open-source data collection and industry-specific demands, this benchmark thoroughly assesses models' language understanding and generation capabilities. Through comparative analysis of major models such as GPT-4o, Llama3, FinGPT, and FinMA, we reveal their strengths and limitations in processing complex financial information. Additionally, we open-source Touchstone-GPT, a financial LLM trained through continual pre-training and instruction tuning, which demonstrates strong performance on the bilingual benchmark but still has limitations in specific tasks. This research provides a practical evaluation tool for financial LLMs and guides future development and optimization. The source code for Golden Touchstone and model weight of Touchstone-GPT have been made publicly available at https://github.com/IDEA-FinAI/Golden-Touchstone.

cs.CL↗

arXiv2025

ChartPoint: Guiding MLLMs with Grounding Reflection for Chart Reasoning

Multimodal Large Language Models (MLLMs) have emerged as powerful tools for chart comprehension. However, they heavily rely on extracted content via OCR, which leads to numerical hallucinations when chart textual annotations are sparse. While existing methods focus on scaling instructions, they fail to address the fundamental challenge, i.e., reasoning with visual perception. In this paper, we identify a critical observation: MLLMs exhibit weak grounding in chart elements and proportional relationships, as evidenced by their inability to localize key positions to match their reasoning. To bridge this gap, we propose PointCoT, which integrates reflective interaction into chain-of-thought reasoning in charts. By prompting MLLMs to generate bounding boxes and re-render charts based on location annotations, we establish connections between textual reasoning steps and visual grounding regions. We further introduce an automated pipeline to construct ChartPoint-SFT-62k, a dataset featuring 19.2K high-quality chart samples with step-by-step CoT, bounding box, and re-rendered visualizations. Leveraging this data, we develop two instruction-tuned models, ChartPointQ2 and ChartPointQ2.5, which outperform state-of-the-art across several chart benchmarks, e.g., +5.04\% on ChartBench.

cs.AI↗

arXiv2025

Unleashing Expert Opinion from Social Media for Stock Prediction

While stock prediction task traditionally relies on volume-price and fundamental data to predict the return ratio or price movement trend, sentiment factors derived from social media platforms such as StockTwits offer a complementary and useful source of real-time market information. However, we find that most social media posts, along with the public sentiment they reflect, provide limited value for trading predictions due to their noisy nature. To tackle this, we propose a novel dynamic expert tracing algorithm that filters out non-informative posts and identifies both true and inverse experts whose consistent predictions can serve as valuable trading signals. Our approach achieves significant improvements over existing expert identification methods in stock trend prediction. However, when using binary expert predictions to predict the return ratio, similar to all other expert identification methods, our approach faces a common challenge of signal sparsity with expert signals cover only about 4% of all stock-day combinations in our dataset. To address this challenge, we propose a dual graph attention neural network that effectively propagates expert signals across related stocks, enabling accurate prediction of return ratios and significantly increasing signal coverage. Empirical results show that our propagated expert-based signals not only exhibit strong predictive power independently but also work synergistically with traditional financial features. These combined signals significantly outperform representative baseline models in all quant-related metrics including predictive accuracy, return metrics, and correlation metrics, resulting in more robust investment strategies. We hope this work inspires further research into leveraging social media data for enhancing quantitative investment strategies. The code can be seen in https://github.com/wanyunzh/DualGAT.

cs.CE↗

arXiv2025

NUM2EVENT: Interpretable Event Reasoning from Numerical time-series

Large language models (LLMs) have recently demonstrated impressive multimodal reasoning capabilities, yet their understanding of purely numerical time-series signals remains limited. Existing approaches mainly focus on forecasting or trend description, without uncovering the latent events that drive numerical changes or explaining the reasoning process behind them. In this work, we introduce the task of number-to-event reasoning and decoding, which aims to infer interpretable structured events from numerical inputs, even when current text is unavailable. To address the data scarcity and semantic alignment challenges, we propose a reasoning-aware framework that integrates an agent-guided event extractor (AGE), a marked multivariate Hawkes-based synthetic generator (EveDTS), and a two-stage fine-tuning pipeline combining a time-series encoder with a structured decoder. Our model explicitly reasons over numerical changes, generates intermediate explanations, and outputs structured event hypotheses. Experiments on multi-domain datasets show that our method substantially outperforms strong LLM baselines in event-level precision and recall. These results suggest a new direction for bridging quantitative reasoning and semantic understanding, enabling LLMs to explain and predict events directly from numerical dynamics.

cs.LG↗

arXiv2025

Beyond Function-Level Search: Repository-Aware Dual-Encoder Code Retrieval with Adversarial Verification

The escalating complexity of modern codebases has intensified the need for retrieval systems capable of interpreting cross-component change intents, a capability fundamentally absent in conventional function-level search paradigms. While recent studies have improved the alignment between natural language queries and code snippets, retrieving contextually relevant code for specific change requests remains largely underexplored. To address this gap, we introduce RepoAlign-Bench, the first benchmark specifically designed to evaluate repository-level code retrieval under change request driven scenarios, encompassing 52k annotated instances. This benchmark shifts the retrieval paradigm from function-centric matching to holistic repository-level reasoning. Furthermore, we propose ReflectCode, an adversarial reflection augmented dual-tower architecture featuring disentangled code_encoder and doc_encoder components. ReflectCode dynamically integrates syntactic patterns, function dependencies, and semantic expansion intents through large language model guided reflection. Comprehensive experiments demonstrate that ReflectCode achieves 12.2% improvement in Top-5 Accuracy and 7.1% in Recall over state-of-the-art baselines, establishing a new direction for context-aware code retrieval.

cs.SE↗

arXiv2025

Retrieval, Reasoning, Re-ranking: A Context-Enriched Framework for Knowledge Graph Completion

The Knowledge Graph Completion~(KGC) task aims to infer the missing entity from an incomplete triple. Existing embedding-based methods rely solely on triples in the KG, which is vulnerable to specious relation patterns and long-tail entities. On the other hand, text-based methods struggle with the semantic gap between KG triples and natural language. Apart from triples, entity contexts (e.g., labels, descriptions, aliases) also play a significant role in augmenting KGs. To address these limitations, we propose KGR3, a context-enriched framework for KGC. KGR3 is composed of three modules. Firstly, the Retrieval module gathers supporting triples from the KG, collects plausible candidate answers from a base embedding model, and retrieves context for each related entity. Then, the Reasoning module employs a large language model to generate potential answers for each query triple. Finally, the Re-ranking module combines candidate answers from the two modules mentioned above, and fine-tunes an LLM to provide the best answer. Extensive experiments on widely used datasets demonstrate that KGR3 consistently improves various KGC methods. Specifically, the best variant of KGR3 achieves absolute Hits@1 improvements of 12.3% and 5.6% on the FB15k237 and WN18RR datasets.

cs.AI↗

arXiv2025

QuantBench: Benchmarking AI Methods for Quantitative Investment

The field of artificial intelligence (AI) in quantitative investment has seen significant advancements, yet it lacks a standardized benchmark aligned with industry practices. This gap hinders research progress and limits the practical application of academic innovations. We present QuantBench, an industrial-grade benchmark platform designed to address this critical need. QuantBench offers three key strengths: (1) standardization that aligns with quantitative investment industry practices, (2) flexibility to integrate various AI algorithms, and (3) full-pipeline coverage of the entire quantitative investment process. Our empirical studies using QuantBench reveal some critical research directions, including the need for continual learning to address distribution shifts, improved methods for modeling relational financial data, and more robust approaches to mitigate overfitting in low signal-to-noise environments. By providing a common ground for evaluation and fostering collaboration between researchers and practitioners, QuantBench aims to accelerate progress in AI for quantitative investment, similar to the impact of benchmark platforms in computer vision and natural language processing.

q-fin.CP↗

arXiv2025

CSPO: Cross-Market Synergistic Stock Price Movement Forecasting with Pseudo-volatility Optimization

The stock market, as a cornerstone of the financial markets, places forecasting stock price movements at the forefront of challenges in quantitative finance. Emerging learning-based approaches have made significant progress in capturing the intricate and ever-evolving data patterns of modern markets. With the rapid expansion of the stock market, it presents two characteristics, i.e., stock exogeneity and volatility heterogeneity, that heighten the complexity of price forecasting. Specifically, while stock exogeneity reflects the influence of external market factors on price movements, volatility heterogeneity showcases the varying difficulty in movement forecasting against price fluctuations. In this work, we introduce the framework of Cross-market Synergy with Pseudo-volatility Optimization (CSPO). Specifically, CSPO implements an effective deep neural architecture to leverage external futures knowledge. This enriches stock embeddings with cross-market insights and thus enhances the CSPO's predictive capability. Furthermore, CSPO incorporates pseudo-volatility to model stock-specific forecasting confidence, enabling a dynamic adaptation of its optimization process to improve accuracy and robustness. Our extensive experiments, encompassing industrial evaluation and public benchmarking, highlight CSPO's superior performance over existing methods and effectiveness of all proposed modules contained therein.

cs.LG↗

arXiv2025

Financial Wind Tunnel: A Retrieval-Augmented Market Simulator

Market simulator tries to create high-quality synthetic financial data that mimics real-world market dynamics, which is crucial for model development and robust assessment. Despite continuous advancements in simulation methodologies, market fluctuations vary in terms of scale and sources, but existing frameworks often excel in only specific tasks. To address this challenge, we propose Financial Wind Tunnel (FWT), a retrieval-augmented market simulator designed to generate controllable, reasonable, and adaptable market dynamics for model testing. FWT offers a more comprehensive and systematic generative capability across different data frequencies. By leveraging a retrieval method to discover cross-sectional information as the augmented condition, our diffusion-based simulator seamlessly integrates both macro- and micro-level market patterns. Furthermore, our framework allows the simulation to be controlled with wide applicability, including causal generation through "what-if" prompts or unprecedented cross-market trend synthesis. Additionally, we develop an automated optimizer for downstream quantitative models, using stress testing of simulated scenarios via FWT to enhance returns while controlling risks. Experimental results demonstrate that our approach enables the generalizable and reliable market simulation, significantly improve the performance and adaptability of downstream models, particularly in highly complex and volatile market conditions. Our code and data sample is available at https://anonymous.4open.science/r/fwt_-E852

cs.CE↗