arXiv Computation and Language

QuantEval: A Benchmark for Financial Quantitative Tasks in Large Language Models

arXiv AI
Aug 11

FinTrace: Holistic Trajectory-Level Evaluation of LLM Tool Calling for Long-Horizon Financial Tasks

arXiv:2604. 10015v3 Announce Type: replace Abstract: Recent studies demonstrate that tool-calling capability enables large language models (LLMs) to interact with external environments for long-horizon financial tasks.

By Yupeng Cao, Haohang Li, Weijin Liu, Wenbo Cao, Anke Xu, Lingfei Qian, Xueqing Peng, Minxue Tang, Zhiyuan Yao, Jimin Huang, K. P. Subbalakshmi, Zining Zhu, Jordan W. Suchow, Yangyang Yu
arXiv AI
Jun 4

FinTradeBench: A Financial Reasoning Benchmark for LLMs

arXiv:2603. 19225v3 Announce Type: replace-cross Abstract: Real-world financial decision-making is a challenging problem that requires reasoning over heterogeneous signals, including company fundamentals derived from regulatory filings and trading signals computed from price dynamics.

By Yogesh Agrawal, Aniruddha Dutta, Md Mahadi Hasan, Santu Karmaker, Aritra Dutta
arXiv Computation and Language
Sep 10

Data-Centric Post-Training for Financial Reasoning: Mining, Distillation, and Verifiable Learning

The paper introduces a data‑centric pipeline for post‑training language models on financial reasoning tasks. It mines open‑source reasoning traces, distills financial instruction data, and generates knowledge‑graph‑guided question‑answer pairs, then filters examples with lightweight classifiers and applies reinforcement learning with rule‑based verifiers. Experiments on FINESSE‑Bench show that retention‑aware adaptation—self‑distilled fine‑tuning and model merging—outperforms ordinary supervised fine‑tuning, improving accuracy by up to 3.0 points and avoiding regressions.

By Zhirayr Hayrapetyan, Andrei Kalmykov, Denis Kokosinskii, Dmitry Stanishevskii, Dmitry Zmitrovich
arXiv AI
Sep 4

Enhancing Financial Question Answering: A Novel Benchmark Dataset of Banks' financial statements

FinRAG-QA is a new benchmark dataset for financial question answering, featuring 999 practitioner-curated questions on 10 standardised indicators drawn from 209 annual and Pillar 3 reports of 24 major European and U.S. banks between 2019 and 2023. The dataset focuses on cross‑institutional retrieval over documents averaging 198k words, making it longer than any existing financial QA resource. Experiments on a multi‑stage Retrieval‑Augmented Generation pipeline show that contextual chunk enrichment and a retrieval‑optimised embedding model significantly improve NDCG@10, while a reasoning‑optimised generator boosts answer accuracy from 44.6% to 79.0% when the correct document is retrieved.

By Arianna Miola, Bruno Spaccavento, Lorenzo Silotto, Marco Bianchetti, Luca Cagliero
arXiv Machine Learning
Oct 2

RATIO: Reasoning Analysis and Token-level Inference Optimization for Quantized Reasoning Models

The paper introduces RATIO, a framework for improving quantized reasoning models by identifying overthinking tokens and applying token-specific penalties. It uses Quantization-aware Reasoning Behavior Analysis to detect problematic tokens and Token-Specific Penalty Determination to assign penalties without extra training. Experiments show RATIO outperforms existing methods, boosting accuracy by up to 9.8 points and shortening chain-of-thought length by up to 51.3%.

By Chengzhu Bao, Xianglong Yan, Tianao Zhang, Jiaqi Chen, Shaoqiu Zhang, Yulun Zhang
arXiv Machine Learning
Jun 25

Quantization Inflates Reasoning: Token Inflation as a Hidden Cost of Low-Bit Reasoning Models

arXiv:2606. 25519v1 Announce Type: cross Abstract: Quantization is widely used to reduce the inference cost of large language models, but its effect on reasoning models is not fully captured by final-answer accuracy or per-token latency.

By Xinyu Lian, Walid Krichene, Beichen Huang, Masahiro Tanaka, Olatunji Ruwase, Li Zhang, Minjia Zhang
arXiv Computation and Language
Sep 30

Can Language Models Learn to Forecast Stock Prices

arXiv:2609.36914v1 Announce Type: new Abstract: Post-training has been shown to significantly improve language models' performance on tasks with verifiable outcomes, including mathematical reasoning,...

By Jiacheng Guo, Suozhi Huang, Shuzhen Li, Yunlong Gao, Zerui Cheng, Jason Ge, Shushu Liang, Zihao Li, Hao Lu, Ming Yin, Shilong Liu, Jiashuo Liu, Xu Kuang, Mengdi Wang
arXiv AI
Jul 28

Loong: Synthesize Long Chain-of-Thoughts at Scale through Verifiers

arXiv:2509. 03059v2 Announce Type: replace-cross Abstract: Recent advances in Large Language Models (LLMs) have shown that their reasoning capabilities can be significantly improved through Reinforcement Learning with Verifiable Reward (RLVR), particularly in domains like mathematics and programming, where ground-truth correctness can be automatically evaluated.

By Xingyue Huang, Rishabh, Gregor Franke, Ziyi Yang, Jiamu Bai, Weijie Bai, Jinhe Bi, Zifeng Ding, Yiqun Duan, Chengyu Fan, Wendong Fan, Xin Gao, Ruohao Guo, Yuan He, Zhuangzhuang He, Xianglong Hu, Neil Johnson, Bowen Li, Fangru Lin, Siyu Lin, Tong Liu, Yunpu Ma, Hao Shen, Hao Sun, Beibei Wang, Fangyijie Wang, Hao Wang, Haoran Wang, Yang Wang, Yifeng Wang, Zhaowei Wang, Ziyang Wang, Yifan Wu, Zikai Xiao, Chengxing Xie, Fan Yang, Junxiao Yang, Qianshuo Ye, Ziyu Ye, Guangtao Zeng, Yuwen Ebony Zhang, Zeyu Zhang, Zihao Zhu, Bernard Ghanem, Philip Torr, Guohao Li
arXiv AI
Oct 1

Reasoning Externalization for Faithful Large Language Model Narratives of Stock Return Predictions

The paper introduces a framework that uses large language models (LLMs) to generate natural‑language narratives explaining cross‑sectional stock return predictions. It combines temporal Shapley additive explanations (SHAP) from an XGBoost model with historical regime analogs to provide context. A controlled study shows that progressively externalizing numerical and relational reasoning improves evidence faithfulness and accuracy, while historical analogs boost human‑rated usefulness.

By Sujung Kim, Seung Hwan Cho, Sangjin Park, Young-Min Kim