06 / QUANTITATIVE SYSTEMS

WolfQuant

How do we turn market hypotheses into testable systems?

Build an AI-assisted quantitative research and trading system that connects data, strategy development, backtesting, and portfolio decisions. Emphasize reproducible experiments and explicit evaluation rather than untested predictions.

RESEARCH BRIEF

How do we turn market hypotheses into testable systems?

AI-powered quantitative research for portfolio strategy, market analysis, and systematic decision-making.

This HARD Lab direction studies the problem as an end-to-end system rather than as a single model demo. Current related work provides useful building blocks and baselines [1] [2] [3] [4] [5]; the lab’s goal is to connect them into measurable, reproducible research artifacts.

01

Market-data pipelines and systematic strategy research

02

Backtesting, evaluation, and portfolio decision support

03

AI-assisted development and testing of new algorithms

PROPOSED WORKFLOW

Build, measure, iterate.

01

Research

Turn a market idea into a defined hypothesis, with a data source and an evaluation plan.

02

Evaluate

Test the strategy, examine its assumptions, and study sensitivity before using it for decisions.

03

Iterate

Compare outcomes with the original hypothesis and use the evidence to refine the system.

STUDENT ENTRY POINTS

Ways to start contributing.

  • Market-data pipelines and systematic strategy research
  • Backtesting, evaluation, and portfolio decision support
  • AI-assisted development and testing of new algorithms
USEFUL SKILLSStatisticsPythonData engineeringMachine learning

RELATED WORK / 2026-09-10

Selected papers & citations.

Five primary-source papers selected to frame this direction. Links point to the authors’ arXiv records; these are external works, not HARD Lab publications.

Download BibTeX

5 selected papers · newest first by initial submission

01
2026Survey preprintarXiv:2608.31041

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

Fengrui Hua, Hengyi Yang, Xinlei Hao, Haohan Zhang, Bokai Cao, Yiyan Qi, Jia Li, Jian Guo

Organizes agentic quantitative trading across research, signals, portfolio construction, execution, and evaluation.

Why it matters here. A recent map of the full research workflow: promising prediction is not the same as a reproducible trading system.

Abstract PDF
Full citation & BibTeX

Fengrui Hua et al. (2026). Agentic Quantitative Trading: A Survey of Workflows, Systems, and Evaluation. arXiv:2608.31041. https://doi.org/10.48550/arXiv.2608.31041

@misc{hardlab_agentic_quant_survey,
  title = {{Agentic Quantitative Trading: A Survey of Workflows, Systems, and Evaluation}},
  author = {Fengrui Hua and Hengyi Yang and Xinlei Hao and Haohan Zhang and Bokai Cao and Yiyan Qi and Jia Li and Jian Guo},
  year = {2026},
  eprint = {2608.31041},
  archivePrefix = {arXiv},
  doi = {10.48550/arXiv.2608.31041},
  url = {https://arxiv.org/abs/2608.31041},
  note = {External related work; metadata checked 2026-09-10}
}
02
2026Survey preprintarXiv:2605.19337

Agentic Trading: When LLM Agents Meet Financial Markets

Yihan Xia, Panpan You, Taotao Wang, Fang Liu, Han Qi, Xiaoxiao Wu, Shengli Zhang

Reviews LLM-agent trading systems and examines how their evaluations handle financial-market constraints.

Why it matters here. Motivates explicit point-in-time data, chronological testing, cost assumptions, and transparent experiment records.

Abstract PDF
Full citation & BibTeX

Yihan Xia et al. (2026). Agentic Trading: When LLM Agents Meet Financial Markets. arXiv:2605.19337. https://doi.org/10.48550/arXiv.2605.19337

@misc{hardlab_agentic_trading,
  title = {{Agentic Trading: When LLM Agents Meet Financial Markets}},
  author = {Yihan Xia and Panpan You and Taotao Wang and Fang Liu and Han Qi and Xiaoxiao Wu and Shengli Zhang},
  year = {2026},
  eprint = {2605.19337},
  archivePrefix = {arXiv},
  doi = {10.48550/arXiv.2605.19337},
  url = {https://arxiv.org/abs/2605.19337},
  note = {External related work; metadata checked 2026-09-10}
}
03
2024Research preprintarXiv:2412.20138

TradingAgents: Multi-Agents LLM Financial Trading Framework

Yijia Xiao, Edward Sun, Di Luo, Wei Wang

Structures a trading research workflow around analyst, debate, risk, and decision-making agent roles.

Why it matters here. A role-based baseline for orchestration and ablation studies, not a guarantee of performance or a claim about WolfQuant returns.

Abstract PDF
Full citation & BibTeX

Yijia Xiao et al. (2024). TradingAgents: Multi-Agents LLM Financial Trading Framework. arXiv:2412.20138. https://doi.org/10.48550/arXiv.2412.20138

@misc{hardlab_tradingagents,
  title = {{TradingAgents: Multi-Agents LLM Financial Trading Framework}},
  author = {Yijia Xiao and Edward Sun and Di Luo and Wei Wang},
  year = {2024},
  eprint = {2412.20138},
  archivePrefix = {arXiv},
  doi = {10.48550/arXiv.2412.20138},
  url = {https://arxiv.org/abs/2412.20138},
  note = {External related work; metadata checked 2026-09-10}
}
04
2024Research preprintarXiv:2405.14767

FinRobot: An Open-Source AI Agent Platform for Financial Applications using Large Language Models

Hongyang Yang, Boyu Zhang, Neng Wang, Cheng Guo, Xiaoli Zhang, Likun Lin, Junlin Wang, Tianyu Zhou, Mao Guan, Runjia Zhang, Christina Dan Wang

Proposes an open-source platform for coordinating financial applications with LLM-driven agents and tools.

Why it matters here. Useful background for separating reusable tools, data access, analysis roles, and recorded decisions.

Abstract PDF
Full citation & BibTeX

Hongyang Yang et al. (2024). FinRobot: An Open-Source AI Agent Platform for Financial Applications using Large Language Models. arXiv:2405.14767. https://doi.org/10.48550/arXiv.2405.14767

@misc{hardlab_finrobot,
  title = {{FinRobot: An Open-Source AI Agent Platform for Financial Applications using Large Language Models}},
  author = {Hongyang Yang and Boyu Zhang and Neng Wang and Cheng Guo and Xiaoli Zhang and Likun Lin and Junlin Wang and Tianyu Zhou and Mao Guan and Runjia Zhang and Christina Dan Wang},
  year = {2024},
  eprint = {2405.14767},
  archivePrefix = {arXiv},
  doi = {10.48550/arXiv.2405.14767},
  url = {https://arxiv.org/abs/2405.14767},
  note = {External related work; metadata checked 2026-09-10}
}
05
2020Foundational work · arXiv versionarXiv:2009.11189

Qlib: An AI-oriented Quantitative Investment Platform

Xiao Yang, Weiqing Liu, Dong Zhou, Jiang Bian, Tie-Yan Liu

Presents an AI-oriented quantitative research platform spanning data processing, model development, and evaluation.

Why it matters here. A reproducible data/model/backtest foundation against which agent-driven strategy research can be compared.

Abstract PDF
Full citation & BibTeX

Xiao Yang et al. (2020). Qlib: An AI-oriented Quantitative Investment Platform. arXiv:2009.11189. https://doi.org/10.48550/arXiv.2009.11189

@misc{hardlab_qlib,
  title = {{Qlib: An AI-oriented Quantitative Investment Platform}},
  author = {Xiao Yang and Weiqing Liu and Dong Zhou and Jiang Bian and Tie-Yan Liu},
  year = {2020},
  eprint = {2009.11189},
  archivePrefix = {arXiv},
  doi = {10.48550/arXiv.2009.11189},
  url = {https://arxiv.org/abs/2009.11189},
  note = {External related work; metadata checked 2026-09-10}
}