Trading-R1: Financial Trading with LLM Reasoning via Reinforcement Learning

Fuente: arXiv
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Hauptverfasser: Xiao, Yijia, Sun, Edward, Chen, Tong, Wu, Fang, Luo, Di, Wang, Wei
Format: Preprint
Veröffentlicht: 2025
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author Xiao, Yijia
Sun, Edward
Chen, Tong
Wu, Fang
Luo, Di
Wang, Wei
author_facet Xiao, Yijia
Sun, Edward
Chen, Tong
Wu, Fang
Luo, Di
Wang, Wei
contents Developing professional, structured reasoning on par with human financial analysts and traders remains a central challenge in AI for finance, where markets demand interpretability and trust. Traditional time-series models lack explainability, while LLMs face challenges in turning natural-language analysis into disciplined, executable trades. Although reasoning LLMs have advanced in step-by-step planning and verification, their application to risk-sensitive financial decisions is underexplored. We present Trading-R1, a financially-aware model that incorporates strategic thinking and planning for comprehensive thesis composition, facts-grounded analysis, and volatility-adjusted decision making. Trading-R1 aligns reasoning with trading principles through supervised fine-tuning and reinforcement learning with a three-stage easy-to-hard curriculum. Training uses Tauric-TR1-DB, a 100k-sample corpus spanning 18 months, 14 equities, and five heterogeneous financial data sources. Evaluated on six major equities and ETFs, Trading-R1 demonstrates improved risk-adjusted returns and lower drawdowns compared to both open-source and proprietary instruction-following models as well as reasoning models. The system generates structured, evidence-based investment theses that support disciplined and interpretable trading decisions. Trading-R1 Terminal will be released at https://github.com/TauricResearch/Trading-R1.
format Preprint
id arxiv_https___arxiv_org_abs_2509_11420
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Trading-R1: Financial Trading with LLM Reasoning via Reinforcement Learning
Xiao, Yijia
Sun, Edward
Chen, Tong
Wu, Fang
Luo, Di
Wang, Wei
Trading and Market Microstructure
Artificial Intelligence
Computational Engineering, Finance, and Science
Computation and Language
Machine Learning
Developing professional, structured reasoning on par with human financial analysts and traders remains a central challenge in AI for finance, where markets demand interpretability and trust. Traditional time-series models lack explainability, while LLMs face challenges in turning natural-language analysis into disciplined, executable trades. Although reasoning LLMs have advanced in step-by-step planning and verification, their application to risk-sensitive financial decisions is underexplored. We present Trading-R1, a financially-aware model that incorporates strategic thinking and planning for comprehensive thesis composition, facts-grounded analysis, and volatility-adjusted decision making. Trading-R1 aligns reasoning with trading principles through supervised fine-tuning and reinforcement learning with a three-stage easy-to-hard curriculum. Training uses Tauric-TR1-DB, a 100k-sample corpus spanning 18 months, 14 equities, and five heterogeneous financial data sources. Evaluated on six major equities and ETFs, Trading-R1 demonstrates improved risk-adjusted returns and lower drawdowns compared to both open-source and proprietary instruction-following models as well as reasoning models. The system generates structured, evidence-based investment theses that support disciplined and interpretable trading decisions. Trading-R1 Terminal will be released at https://github.com/TauricResearch/Trading-R1.
title Trading-R1: Financial Trading with LLM Reasoning via Reinforcement Learning
topic Trading and Market Microstructure
Artificial Intelligence
Computational Engineering, Finance, and Science
Computation and Language
Machine Learning
url https://arxiv.org/abs/2509.11420