Financial institutions need an independent way to detect missing, stale, and misclassified corporate-event records in vendor databases. We introduce Search-to-Record, a database-assurance task in which search-enabled large language models reconstruct institution-defined event records from public sources for a known security universe and historical cutoff, and DelistBench, a 1,200-record benchmark for security-level delisting announcements. We evaluate five models in paired closed-book and web-enabled conditions. Web access raises announcement-date accuracy within seven days by 34.0 to 48.0 percentage points and event-status accuracy by approximately 2.8 to 21.7 points; the best system achieves 81.5% overall joint accuracy within seven days. Economy web systems achieve 75.9-78.3% overall joint accuracy within seven days at 4.5-6.6% of the API cost of the most expensive web system. Risk-based triage identifies low-error subsets, although the highest-coverage operating point still sends 27.3% of the balanced test set to review. The evaluation identifies web retrieval as the main source of timing gains and shows that low-cost systems can approach the best system's accuracy. Together, Search-to-Record, DelistBench, and the evaluation provide concrete deployment guidance: calibrate triage to local event prevalence and market mix, preserve positive-event recall, and route positive and ambiguous cases to targeted review.
Yao Xuan, Shuping Li, Yang Dai et al.· 0 citations
Financial indicators are essential tools for transforming raw financial data into interpretable measures for various downstream tasks, such as valuation, risk assessment, and economic analysis. However, existing financial benchmarks largely focus on answer-level accuracy and often assume that relevant data are already provided, leaving the assessment of the intermediate process of indicator construction underexplored. In this work, we propose FinDeepIndicator, the first benchmark dedicated to evaluating Deep Research (DR) agents in end-to-end financial indicator construction. Specifically, FinDeepIndicator evaluates DR agents across four stages in indicator construction: formula specification, data collection, indicator calculation, and answer generation, and covers fundamental, technical, and macroeconomic indicators organized into 21 fine-grained sub-categories. It contains 3,350 curated question-answer (QA) pairs derived from both U.S. and Chinese markets, 10 years of historical financial data, and 800 listed companies. Extensive experiments on search-equipped Large Language Models (LLMs) and DR agents show that, while LLMs generally perform well in formula specification, their accuracy drops substantially during data retrieval and numerical execution. DR agents consistently outperform search-equipped LLMs, yet remain unreliable in realistic financial analysis settings. These findings provide insights for developing more capable and trustworthy DR agents in finance.
Chaoqun Yang, Fengbin Zhu, Xinyu Lin et al.· 0 citations
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