QuantCode Model: Specializing Language Models for Executable Algorithmic Trading Code

Large language models have demonstrated strong performance on general-purpose programming tasks, yet their ability to generate executable algorithmic trading strategies remains underexplored. Unlike standard code benchmarks, trading-strategy generation requires simultaneous mastery of domain-specific financial logic, knowledge of a specialized API, and the ability to produce code that is not only syntactically correct but also leads to actual trades on historical data. In this work, we present QuantCode-Bench, a benchmark for the systematic evaluation of modern LLMs in generating strategies for the Backtrader framework from textual descriptions in English. The benchmark contains 400 tasks of varying difficulty collected from Reddit, TradingView, StackExchange, GitHub, and synthetic sources. Evaluation is conducted through a multi-stage pipeline that checks syntactic correctness, successful backtest execution, the presence of trades, and semantic alignment with the task description using an LLM judge. We compare state-of-the-art models in two settings: single-turn, where the strategy must be generated correctly on the first attempt, and agentic multi-turn, where the model receives iterative feedback and may repair its errors. We analyze the failure modes across different stages of the pipeline and show that the main limitations of current models are not related to syntax, but rather to the correct operationalization of trading logic, proper API usage, and adherence to task semantics. These findings suggest that trading strategy generation constitutes a distinct class of domain-specific code generation tasks in which success requires not only technical correctness, but also alignment between natural-language descriptions, financial logic, and the observable behavior of the strategy on data.

Evaluating LLM coding agents in algorithmic trading is difficult because static benchmarks risk data contamination and numerical backtest outputs require ground truth from actual code execution. We present Backtrader-Bench, a framework with two complementary pipelines. A deterministic multiple-choice question (MCQ) pipeline generates questions from backtest configurations across five trading strategies, 33 templates, and three difficulty tiers, with an independent checker that re-derives every answer. A generator-solver filtering pipeline autonomously mines harder questions: a generator writes questions verified by executable code, converts them to MCQs, and discards any that a no-tool solver can answer without code execution. We evaluate 11 models without tools (10 runs each) and four with-tools configurations on a 30-question curated set. Tool-augmented agents reach 90.0% accuracy in a single pass (GPT-5.5 and Opus 4.7), outperforming the best no-tools baselines (73.0%, averaged over 10 runs) by 17 percentage points. On 38 separately mined questions, no-tools accuracy drops further, with half the models falling to roughly random-chance level (25%). Beyond evaluation, the scalable MCQ infrastructure is designed to produce a training corpus for reinforcement learning, with the ultimate goal of building a specialized agent for quantitative trading workflows.

Large language models (LLMs) achieve high pass rates on code generation benchmarks, yet whether they can transfer this ability to languages absent from pretraining remains poorly understood. We introduce PyLang, a minimal imperative language absent from all pretraining corpora, and evaluate frontier models zero-shot and fine-tuned Qwen3 (4B, 8B, 32B) on 352 problems. We find that fine-tuning quickly teaches syntax but fails to transfer semantic competence: Python outperforms PyLang by up to 19% across all configurations, and no intervention (multi-task learning, preference tuning, code infilling, or latent-space objectives) closes the gap. An LLM judge reveals that frontier models select an identical algorithm to Python 80% of the time, yet cannot translate it into a working PyLang implementation., and CKA analysis confirms that fine-tuned models converge to nearly identical internal representations across languages (CKA > 0.97) while diverging at the output stage. We term this the implementation fidelity gap: models possess language-agnostic algorithmic understanding but cannot express it in an unfamiliar language. Our findings highlight the need for training methods that decouple reasoning from language-specific realization.