arXiv:2606.26350v2 Announce Type: replace Abstract: Although large language model agents are increasingly applied to quantitative-finance workflows, their evaluation remains fragmented across isolated tasks, while the financial relevance of benchmark tasks is often overlooked. Yet financial workflows are inherently multi-stage, spanning interdependent tasks such as forecasting, strategy construction, risk management, and trading. Existing platforms typically focus on a single task, and can therefore overstate agent competence and fail to reveal weaknesses in generalization, real-market interaction, and financially meaningful decision-making. We introduce OpenFinGym, a unified gym environment for quantitative-finance agent development that covers forecasting, market generation, real-time trading, and fraud detection under a single execution and verification interface. OpenFinGym additionally provides an automated task-construction pipeline that turns quantitative finance publications into executable task packages; a containerised runtime with a host-side verifier service that supports scalable agent rollouts and prevents runtime train-test leakage; a paper trading engine with a low-latency data-stream design; deferred-resolution support for long-horizon and event-market forecasts; and integration for SFT and RL post-training

arXiv:2502.04591v4 Announce Type: replace-cross Abstract: Oversmoothing is a fundamental challenge in graph neural networks (GNNs): as the number of layers increases, node embeddings become increasingly similar, and model performance drops sharply. Traditionally, oversmoothing has been quantified using metrics that measure the similarity of neighbouring node features, such as the Dirichlet energy. We argue that these metrics have critical limitations and fail to reliably capture oversmoothing in realistic scenarios. For instance, they provide meaningful insights only for very deep networks, while typical GNNs show a performance drop already with as few as 10 layers. As an alternative, we propose measuring oversmoothing by examining the numerical or effective rank of the feature representations. We provide extensive numerical evaluation across diverse graph architectures and datasets to show that rank-based metrics consistently capture oversmoothing, whereas energy-based metrics often fail. Notably, we reveal that drops in the rank align closely with performance degradation, even in scenarios where energy metrics remain unchanged. Along with the experimental evaluation, we provide theoretical support for this approach, clarifying why Dirichlet-like measures may fail to capture performance drop and proving that the numerical rank of feature representations collapses to one for a broad family of GNN architectures.