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ML-QuantIssue No. 134

Quant research, ranked weekly.

Every Friday we screen every new arXiv, SSRN and RePEc paper, rank the best 30 per venue, pull each paper's key figure, and track what happens to it afterwards. Free for people. Open to agents.

Issues
134
Papers featured
6,576
Cited 100+ times
222
Quants on the radar
10.6k
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This week's top picks

From issue No. 134. All 90 papers →

  1. arXiv · No. 101

    Agentic AI and Systemic Financial Risk

    The study shows that agentic AI systems sharing a foundation model create non-diversifiable common exposure whose systemic risk floor does not shrink as the fleet grows, shifting concern from individual model risk to population-level contagion.

    Fanfare 4Risk, Credit & Banking
    2: The set-valued risk measure \rho(X) . The acceptable set of containment configurations (green), coloured elsewhere
  2. SSRN · No. 102

    Quantitative Equity Evolution: Constraints and Alpha Decay

    Fanfare 4Portfolio & Allocation

    Surveys fifty years of quantitative investing as a history of changing implementation boundaries from diversification through machine learning, emphasizing alpha decay and the gap between research and production systems.

  3. RePEc · No. 103

    Risk Appetite and Monetary Transmission

    Fanfare 4Asset Pricing & Factors
    Rolling regression of RISK on MPS
  4. arXiv · No. 204

    FactorBench: Benchmarking Automated Factor Mining

    Fanfare 4Asset Pricing & Factors
    Overview of FactorBench
  5. SSRN · No. 205

    LLM Factor Discovery and Evidence Scarcity

    Fanfare 4ML & AI Methods

    An autonomous agent evolved 940 factors over 17 days and finds that reusing backtest data inflates edge by a quarter to a third and in-sample improvement predicts worse performance.

What's rising

Topics drawing unusually many papers this week.

  1. Housing

    1.8×

    4.6% of this week's 776 new papers, 1.8x its share over the previous 2 weeks (2.6%).

    In this issue

  2. ETFs and funds

    1.6×

    4.4% of this week's 776 new papers, 1.6x its share over the previous 2 weeks (2.8%).

    In this issue

  3. Volatility forecasting

    1.5×

    2.6% of this week's 776 new papers, 1.5x its share over the previous 2 weeks (1.8%).

    In this issue

GitHub radar

What the quant community starred on GitHub this week, from a panel of 10,589 developers who follow financial machine learning (271 of the 860 we checked starred something). Counts only: we never publish who starred what.

Quant repos rising

  1. jarrodwatts/jev-trader3 quants

    AI trading agent executing trades on Monad blockchain.

    ★ 2,912+167 this weekTypeScriptNew repo

  2. Yijia-Xiao/FinanceHarness2 quants

    Autonomous financial deep research framework.

    ★ 196+8 this weekPythonNew repo

  3. TNT-Likely/PanWatch2 quants

    AI stock monitoring for A-shares, HK and US markets.

    ★ 2,047+104 this weekPython

What quants are playing with

  1. morluto/rea35 quants

    Reverse engineer apps and binaries using AI agents.

    ★ 37.0k+36.6k this weekTypeScript

  2. storytold/photocraft22 quants

    Open-source Rust reimplementation of Adobe Photoshop.

    ★ 32.1k+32.0k this weekRustNew repo

  3. openai/math21 quants

    Mathematics library in Lean.

    ★ 12.8k+12.8k this weekLeanNew repo

  4. Niko1221/Strata13 quants

    Run Qwen3.8-Flash on consumer hardware with local APIs.

    ★ 19.2k+12.3k this weekC++New repo

  5. tester-army/e2e7 quants

    End-to-end testing framework for web and mobile apps.

    ★ 8,332+6,418 this weekTypeScriptNew repo

  6. boykopovar/AnyPS57 quants

    Tool for porting PS5 executables to Linux and Windows.

    ★ 19.6k+16.6k this weekC++New repo

The radar, explained →

We called it

Every featured paper is tracked on Semantic Scholar. Of the finance papers we featured when new, 26% are now in journals.

  1. 509

    FinGPT: Open-Source Financial Large Language Models

    Featured 14 Jun 2023, 5 days after release

  2. 266

    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. 237

    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. 234

    TradingAgents: Multi-Agents LLM Financial Trading Framework

    Featured 1 Jan 2025, 4 days after release

  5. 191

    TKAN: Temporal Kolmogorov-Arnold Networks

    Featured 15 May 2024, 3 days after release

  6. 143

    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 →

Browse by topic

Papers featured per quarter since May 2023.

  1. Crypto & DeFi

    Crypto & DeFi: papers featured per quarter

    Crypto assets, DeFi, stablecoins and blockchain markets.

    • Factors Influencing Cryptocurrency Prices: Evidence from Bitcoin, Ethereum, Dash, Litcoin, and Monero
    • Decentralised Finance and Automated Market Making: Execution and Speculation

    303 papers

  2. LLMs & Text

    LLMs & Text: papers featured per quarter

    Large language models, agents, sentiment and text as data in finance.

    • DeepSeekMath: Pushing the Limits of Mathematical Reasoning in Open Language Models
    • Mistral 7B

    584 papers

  3. Derivatives & Volatility

    Derivatives & Volatility: papers featured per quarter

    Option pricing, volatility models and forecasting, hedging and implied surfaces.

    • Risk Revisited
    • Rough Volatility: Fact or Artefact?

    883 papers

  4. Trading, Microstructure & Execution

    Trading, Microstructure & Execution: papers featured per quarter

    Order books, market making, execution, high-frequency data and trading signals.

    • FAST: Efficient Action Tokenization for Vision-Language-Action Models
    • Deep Reinforcement Learning for Active High Frequency Trading

    559 papers

  5. Portfolio & Allocation

    Portfolio & Allocation: papers featured per quarter

    Portfolio construction, allocation, rebalancing and risk budgeting, from Markowitz to deep RL.

    • Missing values handling for machine learning portfolios
    • Technical Note - An Unexpected Stochastic Dominance: Pareto Distributions, Dependence, and Diversification

    628 papers

  6. Risk, Credit & Banking

    Risk, Credit & Banking: papers featured per quarter

    Credit risk, default prediction, banking, systemic risk and risk measures.

    • Attention-based Dynamic Multilayer Graph Neural Networks for Loan Default Prediction
    • Moderating effects of gender and family responsibilities on the relations between work–family policies and job performance

    381 papers

  7. Asset Pricing & Factors

    Asset Pricing & Factors: papers featured per quarter

    Factor models, anomalies, the cross-section of returns and what survives publication.

    • Bubble economics
    • NUMOSIM: A Synthetic Mobility Dataset with Anomaly Detection Benchmarks

    269 papers

  8. Macro-Finance & Rates

    Macro-Finance & Rates: papers featured per quarter

    Rates, the yield curve, monetary policy, inflation and macro-finance.

    • The disruption index is biased by citation inflation
    • Inflation—Who Cares? Monetary Policy in Times of Low Attention

    283 papers

  9. Econometrics & Forecasting

    Econometrics & Forecasting: papers featured per quarter

    Forecasting, time series, econometrics and nowcasting.

    • TKAN: Temporal Kolmogorov-Arnold Networks
    • Deep learning models for price forecasting of financial time series: A review of recent advancements: 2020–2022

    315 papers

  10. ML & AI Methods

    ML & AI Methods: papers featured per quarter

    Machine-learning methods applied to finance: deep learning, boosting, RL and new architectures.

    • Mamba: Linear-Time Sequence Modeling with Selective State Spaces
    • Transformers are SSMs: Generalized Models and Efficient Algorithms Through Structured State Space Duality

    1,135 papers

  11. Corporate Finance

    Corporate Finance: papers featured per quarter

    Firms, governance, IPOs, M&A and corporate decisions.

    • ESG Reputation Risk Matters: An Event Study Based on Social Media Data
    • Articulate AnyMesh: Open-Vocabulary 3D Articulated Objects Modeling

    170 papers

Recent issues

134 issues since May 2023.

Week 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

Week 1

No. 133 · October 2026, Week 1

This week centers on AI's expanding role in trading and markets, alongside persistent microstructure patterns and monetary policy transmission. Key papers: "AI Trading Methods: Backtests Versus Real Markets" measures the live-market gap for machine learning and LLM strategies; "Certified Alpha Capacity and Decay" deri…

  1. Certified Alpha Capacity and Decay
  2. Bond Signals Predict Next-Month Equity Returns
  3. AI and Corporate Bond Pricing

90 papers · arXiv 30 · SSRN 30 · RePEc 30

Week 4

No. 132 · September 2026, Week 4

This week balances methodological rigor with practical market insights. Tail risk estimation and time-series validation trade-offs address foundational modeling challenges, while label engineering and LLM look-ahead bias expose common pitfalls in factor and AI development. Key reads: Semi-Discrete Optimal Transport, T…

  1. Tail Risk via Semi-Discrete Optimal Transport
  2. Artificial Intelligence and Financial Markets
  3. Agentic AI Systems Beat Asset Pricing Benchmarks

90 papers · arXiv 30 · SSRN 30 · RePEc 30

Week 3

No. 131 · May 2026, Week 3

10 RePEc · 10 GitHub · 10 Podcasts · 7 Papers with code

  1. Predicting VIX with ML
  2. Optimizing KSE-30 with ML
  3. Risk Parity in Fat-Tailed Markets

44 papers

Week 3

No. 130 · April 2026, Week 3

12 Papers with code · 10 RePEc · 10 GitHub · 10 Podcasts

  1. VIX Prediction with ML
  2. KSE0 Portfolio Optimization
  3. Automated Trading in Emerging Markets

53 papers

Week 1

No. 129 · April 2026, Week 1

10 RePEc · 10 GitHub · 10 Podcasts · 5 Papers with code

  1. VIX Prediction with ML
  2. Volatile KSE-30 Stocks
  3. Automated Trading in Emerging Markets

43 papers

The whole archive →

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The week's best arXiv, SSRN and RePEc papers, each in one sentence, with its key figure. Plus what quant developers are starring on GitHub and which of our past picks just got published.

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