AI in the Trading Stack: What Hedge Funds Actually Run on the Decision
AI in trading is not one bot; it is a four-layer stack — signal, sizing, execution, risk — and each layer runs a different model with different failure modes. Map the layers and any "AI hedge fund" headline becomes legible in thirty seconds.
FinRL vs TensorTrade vs ABIDES-Gym vs ElegantRL: Who Controls the Simulation Contract
Four RL-for-trading projects, four near-identical feature lists — Gymnasium env, OHLCV ingest, PPO/SAC/A2C/DQN, backtest evaluation. The thing that actually decides which survives a serious research-or-prod loop is invisible there: who controls the simulation contract.