MarketWeatherForecast

Arena run #1158

meanrev-v1 • z-ai • z-ai/glm-4.7 • EU • success
Arena
Run status
as_of: 2026-04-10T10:21:39.995579+00:00
started_at: 2026-04-10T13:02:08.258192+00:00
finished_at: 2026-04-10T13:02:30.975596+00:00
duration_ms: 22715
Inputs
{
  "as_of": "2026-04-10T10:21:39.995579+00:00",
  "dry_run": false,
  "selected": [],
  "simulate_only": false,
  "strict_replay": false,
  "universe_symbols": [
    "HAS_CFD.UK",
    "RS1_CFD.UK",
    "MGNS_CFD.UK",
    "GEN_CFD.UK",
    "JUP_CFD.UK",
    "BOY_CFD.UK",
    "PAGE_CFD.UK",
    "FGP_CFD.UK",
    "ICG_CFD.UK",
    "SHC_CFD.UK",
    "PAG_CFD.UK",
    "SAFE_CFD.UK",
    "RHIM_CFD.UK",
    "PNN_CFD.UK",
    "BBY_CFD.UK",
    "CMCX_CFD.UK",
    "HAIN_CFD.US",
    "CFEB_CFD.BE",
    "ATG_CFD.UK",
    "CCL_CFD.UK",
    "ICE_CFD.US",
    "VST_CFD.US"
  ]
}
Outputs
{
  "raw": {
    "id": "gen-1775826136-LFnbrYJA1hfH7w3MKPKZ",
    "model": "z-ai/glm-4.7-20251222",
    "usage": {
      "cost": 0.00232062,
      "is_byok": false,
      "cost_details": {
        "upstream_inference_cost": 0.00232062,
        "upstream_inference_prompt_cost": 0.00087512,
        "upstream_inference_completions_cost": 0.0014455
      },
      "total_tokens": 3065,
      "prompt_tokens": 2239,
      "completion_tokens": 826,
      "prompt_tokens_details": {
        "audio_tokens": 0,
        "video_tokens": 0,
        "cached_tokens": 64,
        "cache_write_tokens": 0
      },
      "completion_tokens_details": {
        "audio_tokens": 0,
        "image_tokens": 0,
        "reasoning_tokens": 835
      }
    },
    "object": "chat.completion",
    "choices": [
      {
        "index": 0,
        "message": {
          "role": "assistant",
          "content": null,
          "refusal": null,
          "reasoning": "{\n  \"actions\": {\n    \"sell\": [],\n    \"hold\": [\n      {\n        \"symbol\": \"ADBE_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"AUTO_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"BIG_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BTRW_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BYIT_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CBG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"CCL_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CRWD_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ERA_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FICO_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FUTR_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"HIK_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"IWG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"KGF_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"OCDO_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"PAGE_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"RMV_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"THG_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"TRST_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"TUI1_CFD.DE\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"VTY_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"XRX_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ZS_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      }\n    ],\n    \"buy\": []\n  },\n  \"portfolio_rationale\": \"The current portfolio contains 7 open positions (AUTO, CBG, FUTR, HIK, IWG, KGF, PAGE, RMV, TRST). Most positions are flat or showing only marginal price changes (e.g., FUTR +0.5%, HIK +3.9%, KGF +5.2%, RMV +1.3%). The strategy is mean-reversion, but there are no extreme deviations or clear reversal signals in the provided data to justify selling existing positions or opening new ones. The 'avoid overtrading' rule dictates holding if changes are marginal. Therefore, no actions are taken.\"\n}",
          "reasoning_details": [
            {
              "text": "{\n  \"actions\": {\n    \"sell\": [],\n    \"hold\": [\n      {\n        \"symbol\": \"ADBE_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"AUTO_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"BIG_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BTRW_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BYIT_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CBG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"CCL_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CRWD_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ERA_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FICO_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FUTR_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"HIK_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"IWG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"KGF_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"OCDO_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"PAGE_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"RMV_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"THG_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"TRST_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"TUI1_CFD.DE\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"VTY_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"XRX_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ZS_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      }\n    ],\n    \"buy\": []\n  },\n  \"portfolio_rationale\": \"The current portfolio contains 7 open positions (AUTO, CBG, FUTR, HIK, IWG, KGF, PAGE, RMV, TRST). Most positions are flat or showing only marginal price changes (e.g., FUTR +0.5%, HIK +3.9%, KGF +5.2%, RMV +1.3%). The strategy is mean-reversion, but there are no extreme deviations or clear reversal signals in the provided data to justify selling existing positions or opening new ones. The 'avoid overtrading' rule dictates holding if changes are marginal. Therefore, no actions are taken.\"\n}",
              "type": "reasoning.text",
              "index": 0,
              "format": "unknown"
            }
          ]
        },
        "logprobs": null,
        "finish_reason": "stop",
        "native_finish_reason": "stop"
      }
    ],
    "created": 1775826136,
    "provider": "DeepInfra",
    "system_fingerprint": null
  }
}
Prompts & responses
#2237 • openrouter • z-ai/glm-4.7 • 2026-04-10T13:02:08.310930+00:00
System prompt
You are an Arena strategy executor. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices, fundamentals, earnings dates, or sentiment. If a field is null/empty, treat it as unknown. You are a constrained selector (no narrative).
User prompt
{"task": "stage1_universe_scan", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "selection_rules": {"horizon": "2-10 trading days", "target": "short-term mean reversion in liquid equities", "constraints": ["Select exactly 5 candidates", "Avoid earnings within 5 trading days (if known)", "Avoid highly binary/event-driven moves (if known)", "Avoid sector concentration: max 1 per sector unless clearly justified (sector may be unknown)"]}, "universe": [{"symbol": "HAS_CFD.UK", "name": "HAYS PLC", "sector": "", "last_price": 47.66, "change_1d_pct": -17.213826645822483, "distance_from_ma200_pct": -26.546854506980832, "distance_from_ma50_pct": -12.888674431016456, "volatility_20d_pct": 117.95597135078918, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "RS1_CFD.UK", "name": "RS GROUP PLC", "sector": "", "last_price": 725.5, "change_1d_pct": 23.91118701964132, "distance_from_ma200_pct": 26.42587431420933, "distance_from_ma50_pct": 23.74236481466445, "volatility_20d_pct": 102.67597620645313, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "MGNS_CFD.UK", "name": "MORGAN SINDALL GROUP PLC", "sector": "", "last_price": 5370.0, "change_1d_pct": 19.599109131403125, "distance_from_ma200_pct": 32.00382943846654, "distance_from_ma50_pct": 15.63012691493826, "volatility_20d_pct": 90.38530398603771, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "GEN_CFD.UK", "name": "GENUIT GROUP PLC", "sector": "", "last_price": 370.0, "change_1d_pct": 13.671274961597547, "distance_from_ma200_pct": 1.1384913963945476, "distance_from_ma50_pct": 7.521632190000593, "volatility_20d_pct": 112.82453945409682, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "JUP_CFD.UK", "name": "JUPITER FUND MANAGEMENT", "sector": "", "last_price": 193.6, "change_1d_pct": 22.06809583858764, "distance_from_ma200_pct": 57.65825374753912, "distance_from_ma50_pct": 19.274691586205538, "volatility_20d_pct": 96.15961444303547, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BOY_CFD.UK", "name": "BODYCOTE PLC", "sector": "", "last_price": 775.4, "change_1d_pct": 24.163330664531625, "distance_from_ma200_pct": 28.652243313347768, "distance_from_ma50_pct": 18.63612217470385, "volatility_20d_pct": 103.46484337510964, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "PAGE_CFD.UK", "name": "PAGEGROUP PLC", "sector": "", "last_price": 152.7, "change_1d_pct": -36.79635761589404, "distance_from_ma200_pct": -40.61156091058385, "distance_from_ma50_pct": -31.72721647345812, "volatility_20d_pct": 193.22753953431183, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "FGP_CFD.UK", "name": "FIRSTGROUP PLC", "sector": "", "last_price": 193.2, "change_1d_pct": 1.3109596224436304, "distance_from_ma200_pct": -4.044842646206826, "distance_from_ma50_pct": 1.7250076083144883, "volatility_20d_pct": 88.3516119820011, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ICG_CFD.UK", "name": "ICG Plc", "sector": "", "last_price": 1693.0, "change_1d_pct": -15.18545979199647, "distance_from_ma200_pct": -16.18296530905513, "distance_from_ma50_pct": -12.256151916578562, "volatility_20d_pct": 73.10253575454833, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SHC_CFD.UK", "name": "SHAFTESBURY CAPITAL PLC", "sector": "", "last_price": 140.4, "change_1d_pct": -2.9045643153526868, "distance_from_ma200_pct": 0.26963533347688085, "distance_from_ma50_pct": -0.771073778544229, "volatility_20d_pct": 63.75522821252001, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "PAG_CFD.UK", "name": "PARAGON BANKING GROUP PLC", "sector": "", "last_price": 852.5, "change_1d_pct": -3.399433427762044, "distance_from_ma200_pct": -1.3404962254783492, "distance_from_ma50_pct": 0.699141440891915, "volatility_20d_pct": 71.52779356208148, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SAFE_CFD.UK", "name": "SAFESTORE HOLDINGS PLC", "sector": "", "last_price": 708.0, "change_1d_pct": 0.14144271570013522, "distance_from_ma200_pct": 7.079918522466522, "distance_from_ma50_pct": -2.535991476029087, "volatility_20d_pct": 107.99712610776675, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "RHIM_CFD.UK", "name": "RHI MAGNESITA NV", "sector": "", "last_price": 2550.0, "change_1d_pct": -6.764168190127973, "distance_from_ma200_pct": -2.35709026809392, "distance_from_ma50_pct": 0.9429816244979738, "volatility_20d_pct": 151.25590362229855, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "PNN_CFD.UK", "name": "PENNON GROUP PLC", "sector": "", "last_price": 599.27, "change_1d_pct": 16.58722592945663, "distance_from_ma200_pct": 23.75684537859759, "distance_from_ma50_pct": 16.983140154106113, "volatility_20d_pct": 84.07433118596934, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BBY_CFD.UK", "name": "BALFOUR BEATTY PLC", "sector": "", "last_price": 722.5, "change_1d_pct": -1.0951403148528382, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -1.628407265201648, "volatility_20d_pct": 2239.4661443465884, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "CMCX_CFD.UK", "name": "CMC MARKETS PLC", "sector": "", "last_price": 325.0, "change_1d_pct": 0.0, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 2.8513560555713857, "volatility_20d_pct": 3004.223066122388, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "HAIN_CFD.US", "name": "The Hain Celestial Group Inc", "sector": "", "last_price": 0.7051, "change_1d_pct": -0.18403171007929098, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -33.19918220868079, "volatility_20d_pct": 9562.636249272142, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "CFEB_CFD.BE", "name": "Compagnie d'Entreprises CFE SA", "sector": "", "last_price": 9.9, "change_1d_pct": 4.6511627906976605, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 9.416445623342184, "volatility_20d_pct": 2316.9595725659747, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ATG_CFD.UK", "name": "AUCTION TECHNOLOGY GROUP", "sector": "", "last_price": 313.0, "change_1d_pct": 0.3205128205128194, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 0.8343803356850588, "volatility_20d_pct": 2871.9337920464413, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "CCL_CFD.UK", "name": "CARNIVAL PLC", "sector": "", "last_price": 1921.5, "change_1d_pct": -6.541828793774318, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -14.683615213991775, "volatility_20d_pct": 5150.407605401003, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ICE_CFD.US", "name": "Intercontinental Exchange Inc", "sector": "", "last_price": 166.29, "change_1d_pct": 0.9163733462798751, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 1.0315191120842782, "volatility_20d_pct": 3562.678389244709, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "VST_CFD.US", "name": "Vistra Energy Corp", "sector": "", "last_price": 158.65, "change_1d_pct": -5.2270011947431305, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -2.878446544884661, "volatility_20d_pct": 4530.365230302939, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}], "output_schema": {"selected_stocks": [{"symbol": "string", "mean_reversion_score": "integer 0-100", "selection_reason": "short, concrete, indicator-based"}], "rejected_common_reasons": ["string"]}}
Output JSON
{
  "raw": {
    "id": "gen-1775826128-ZmNFXKFnJ6Jj1KOXzAgP",
    "model": "z-ai/glm-4.7-20251222",
    "usage": {
      "cost": 0.00221447,
      "is_byok": false,
      "cost_details": {
        "upstream_inference_cost": 0.00221447,
        "upstream_inference_prompt_cost": 0.00166672,
        "upstream_inference_completions_cost": 0.00054775
      },
      "total_tokens": 4531,
      "prompt_tokens": 4218,
      "completion_tokens": 313,
      "prompt_tokens_details": {
        "audio_tokens": 0,
        "video_tokens": 0,
        "cached_tokens": 64,
        "cache_write_tokens": 0
      },
      "completion_tokens_details": {
        "audio_tokens": 0,
        "image_tokens": 0,
        "reasoning_tokens": 266
      }
    },
    "object": "chat.completion",
    "choices": [
      {
        "index": 0,
        "message": {
          "role": "assistant",
          "content": null,
          "refusal": null,
          "reasoning": "{\n  \"selected_stocks\": [\n    {\n      \"symbol\": \"HAS_CFD.UK\",\n      \"mean_reversion_score\": 85,\n      \"selection_reason\": \"1d drop -17.2%, dist MA50 -12.9%, high vol 118%\"\n    },\n    {\n      \"symbol\": \"PAGE_CFD.UK\",\n      \"mean_reversion_score\": 90,\n      \"selection_reason\": \"1d drop -36.8%, dist MA50 -31.7%, extreme vol 193%\"\n    },\n    {\n      \"symbol\": \"ICG_CFD.UK\",\n      \"mean_reversion_score\": 75,\n      \"selection_reason\": \"1d drop -15.2%, dist MA50 -12.3%, vol 73%\"\n    },\n    {\n      \"symbol\": \"RS1_CFD.UK\",\n      \"mean_reversion_score\": 70,\n      \"selection_reason\": \"1d rise +23.9%, dist MA50 +23.7%, vol 103%\"\n    },\n    {\n      \"symbol\": \"BOY_CFD.UK\",\n      \"mean_reversion_score\": 72,\n      \"selection_reason\": \"1d rise +24.2%, dist MA50 +18.6%, vol 103%\"\n    }\n  ],\n  \"rejected_common_reasons\": [\n    \"Insufficient price deviation from mean\",\n    \"Extreme volatility outliers (>2000%)\",\n    \"Missing technical data\",\n    \"Region mismatch\"\n  ]\n}",
          "reasoning_details": [
            {
              "text": "{\n  \"selected_stocks\": [\n    {\n      \"symbol\": \"HAS_CFD.UK\",\n      \"mean_reversion_score\": 85,\n      \"selection_reason\": \"1d drop -17.2%, dist MA50 -12.9%, high vol 118%\"\n    },\n    {\n      \"symbol\": \"PAGE_CFD.UK\",\n      \"mean_reversion_score\": 90,\n      \"selection_reason\": \"1d drop -36.8%, dist MA50 -31.7%, extreme vol 193%\"\n    },\n    {\n      \"symbol\": \"ICG_CFD.UK\",\n      \"mean_reversion_score\": 75,\n      \"selection_reason\": \"1d drop -15.2%, dist MA50 -12.3%, vol 73%\"\n    },\n    {\n      \"symbol\": \"RS1_CFD.UK\",\n      \"mean_reversion_score\": 70,\n      \"selection_reason\": \"1d rise +23.9%, dist MA50 +23.7%, vol 103%\"\n    },\n    {\n      \"symbol\": \"BOY_CFD.UK\",\n      \"mean_reversion_score\": 72,\n      \"selection_reason\": \"1d rise +24.2%, dist MA50 +18.6%, vol 103%\"\n    }\n  ],\n  \"rejected_common_reasons\": [\n    \"Insufficient price deviation from mean\",\n    \"Extreme volatility outliers (>2000%)\",\n    \"Missing technical data\",\n    \"Region mismatch\"\n  ]\n}",
              "type": "reasoning.text",
              "index": 0,
              "format": "unknown"
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        },
        "logprobs": null,
        "finish_reason": "stop",
        "native_finish_reason": "stop"
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    "created": 1775826128,
    "provider": "DeepInfra",
    "system_fingerprint": null
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#2238 • openrouter • z-ai/glm-4.7 • 2026-04-10T13:02:16.353150+00:00
System prompt
You are an Arena portfolio manager. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices/fundamentals/news/earnings. If a field is null/empty, treat it as unknown. Avoid overtrading: if changes are marginal, prefer HOLD. Do not churn.
User prompt
{"task": "stage2_portfolio_management", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "portfolio_constraints": {"initial_equity": 10000.0, "max_positions": 10, "fixed_position_size": 3000.0, "max_gross_leverage": 3.0, "overtrading_rules": ["Max 2 SELL actions per run unless risk event forces more", "Max 2 BUY actions per run", "If no clear improvement vs current holdings, output HOLD for everything"]}, "current_portfolio": [{"symbol": "ADBE_CFD.US", "qty": 0.0, "avg_price": 249.47, "last_price": 236.65, "unrealized_pnl": 0.0, "opened_at": "2026-03-14T18:06:47.909233+00:00"}, {"symbol": "AUTO_CFD.UK", "qty": 6.2137531068765535, "avg_price": 482.8, "last_price": 482.8, "unrealized_pnl": 0.0, "opened_at": "2026-03-19T18:04:14.272849+00:00"}, {"symbol": "BIG_CFD.FR", "qty": 0.0, "avg_price": 0.453, "last_price": 0.3, "unrealized_pnl": 0.0, "opened_at": "2026-02-26T18:07:22.382508+00:00"}, {"symbol": "BTRW_CFD.UK", "qty": 0.0, "avg_price": 259.8, "last_price": 255.0, "unrealized_pnl": 0.0, "opened_at": "2026-04-04T18:08:49.555685+00:00"}, {"symbol": "BYIT_CFD.UK", "qty": 0.0, "avg_price": 292.6, "last_price": 292.6, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T00:47:27.070066+00:00"}, {"symbol": "CBG_CFD.UK", "qty": 8.748396127376648, "avg_price": 342.92, "last_price": 342.92, "unrealized_pnl": 0.0, "opened_at": "2026-03-19T18:04:14.272849+00:00"}, {"symbol": "CCL_CFD.UK", "qty": 0.0, "avg_price": 1945.9999999999998, "last_price": 1988.5, "unrealized_pnl": 0.0, "opened_at": "2026-03-06T18:02:13.212382+00:00"}, {"symbol": "CRWD_CFD.US", "qty": 0.0, "avg_price": 349.425, "last_price": 374.67, "unrealized_pnl": 0.0, "opened_at": "2026-02-24T18:14:37.115518+00:00"}, {"symbol": "ERA_CFD.FR", "qty": 0.0, "avg_price": 47.4, "last_price": 52.1, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T17:33:27.020111+00:00"}, {"symbol": "FICO_CFD.US", "qty": 0.0, "avg_price": 1127.4099999999999, "last_price": 1160.795, "unrealized_pnl": 0.0, "opened_at": "2026-03-14T18:06:47.909233+00:00"}, {"symbol": "FUTR_CFD.UK", "qty": 10.55594651653765, "avg_price": 284.2, "last_price": 285.6, "unrealized_pnl": 14.77832512315307, "opened_at": "2026-02-19T00:47:27.070066+00:00"}, {"symbol": "HIK_CFD.UK", "qty": 2.3529411764705883, "avg_price": 1275.0, "last_price": 1325.0, "unrealized_pnl": 117.64705882352942, "opened_at": "2026-03-02T10:31:26.559356+00:00"}, {"symbol": "IWG_CFD.UK", "qty": 17.421602787456447, "avg_price": 172.2, "last_price": 172.2, "unrealized_pnl": 0.0, "opened_at": "2026-03-17T10:04:29.123574+00:00"}, {"symbol": "KGF_CFD.UK", "qty": 10.384215991692628, "avg_price": 288.9, "last_price": 303.9, "unrealized_pnl": 155.76323987538942, "opened_at": "2026-03-26T10:11:44.579260+00:00"}, {"symbol": "OCDO_CFD.UK", "qty": 0.0, "avg_price": 217.0, "last_price": 204.3, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T17:30:52.485845+00:00"}, {"symbol": "PAGE_CFD.UK", "qty": 45.14672686230248, "avg_price": 132.9, "last_price": 132.9, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T09:33:26.900894+00:00"}, {"symbol": "RMV_CFD.UK", "qty": 6.8807339449541285, "avg_price": 436.0, "last_price": 441.8, "unrealized_pnl": 39.90825688073402, "opened_at": "2026-02-21T09:33:26.900894+00:00"}, {"symbol": "THG_CFD.UK", "qty": 0.0, "avg_price": 34.98, "last_price": 34.98, "unrealized_pnl": 0.0, "opened_at": "2026-02-24T18:14:37.115518+00:00"}, {"symbol": "TRST_CFD.UK", "qty": 14.111006585136407, "avg_price": 212.6, "last_price": 212.6, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T17:30:52.485845+00:00"}, {"symbol": "TUI1_CFD.DE", "qty": 0.0, "avg_price": 7.398000000000001, "last_price": 6.723, "unrealized_pnl": 0.0, "opened_at": "2026-03-02T10:31:26.559356+00:00"}, {"symbol": "VTY_CFD.UK", "qty": 0.0, "avg_price": 338.75, "last_price": 330.2, "unrealized_pnl": 0.0, "opened_at": "2026-03-17T10:04:29.123574+00:00"}, {"symbol": "XRX_CFD.US", "qty": 0.0, "avg_price": 1.73, "last_price": 1.83, "unrealized_pnl": 0.0, "opened_at": "2026-02-26T18:07:22.382508+00:00"}, {"symbol": "ZS_CFD.US", "qty": 0.0, "avg_price": 141.32, "last_price": 133.07, "unrealized_pnl": 0.0, "opened_at": "2026-02-22T17:33:48.338981+00:00"}], "candidates": [], "output_schema": {"actions": {"sell": [{"symbol": "string", "reason": "string"}], "hold": [{"symbol": "string", "reason": "string"}], "buy": [{"symbol": "string", "position_size": "number (currency amount)", "reason": "string"}]}, "portfolio_rationale": "string"}}
Output JSON
{
  "raw": {
    "id": "gen-1775826136-LFnbrYJA1hfH7w3MKPKZ",
    "model": "z-ai/glm-4.7-20251222",
    "usage": {
      "cost": 0.00232062,
      "is_byok": false,
      "cost_details": {
        "upstream_inference_cost": 0.00232062,
        "upstream_inference_prompt_cost": 0.00087512,
        "upstream_inference_completions_cost": 0.0014455
      },
      "total_tokens": 3065,
      "prompt_tokens": 2239,
      "completion_tokens": 826,
      "prompt_tokens_details": {
        "audio_tokens": 0,
        "video_tokens": 0,
        "cached_tokens": 64,
        "cache_write_tokens": 0
      },
      "completion_tokens_details": {
        "audio_tokens": 0,
        "image_tokens": 0,
        "reasoning_tokens": 835
      }
    },
    "object": "chat.completion",
    "choices": [
      {
        "index": 0,
        "message": {
          "role": "assistant",
          "content": null,
          "refusal": null,
          "reasoning": "{\n  \"actions\": {\n    \"sell\": [],\n    \"hold\": [\n      {\n        \"symbol\": \"ADBE_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"AUTO_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"BIG_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BTRW_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BYIT_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CBG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"CCL_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CRWD_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ERA_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FICO_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FUTR_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"HIK_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"IWG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"KGF_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"OCDO_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"PAGE_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"RMV_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"THG_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"TRST_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"TUI1_CFD.DE\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"VTY_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"XRX_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ZS_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      }\n    ],\n    \"buy\": []\n  },\n  \"portfolio_rationale\": \"The current portfolio contains 7 open positions (AUTO, CBG, FUTR, HIK, IWG, KGF, PAGE, RMV, TRST). Most positions are flat or showing only marginal price changes (e.g., FUTR +0.5%, HIK +3.9%, KGF +5.2%, RMV +1.3%). The strategy is mean-reversion, but there are no extreme deviations or clear reversal signals in the provided data to justify selling existing positions or opening new ones. The 'avoid overtrading' rule dictates holding if changes are marginal. Therefore, no actions are taken.\"\n}",
          "reasoning_details": [
            {
              "text": "{\n  \"actions\": {\n    \"sell\": [],\n    \"hold\": [\n      {\n        \"symbol\": \"ADBE_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"AUTO_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"BIG_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BTRW_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"BYIT_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CBG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"CCL_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"CRWD_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ERA_CFD.FR\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FICO_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"FUTR_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"HIK_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"IWG_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"KGF_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"OCDO_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"PAGE_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"RMV_CFD.UK\",\n        \"reason\": \"Open position, marginal price change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"THG_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"TRST_CFD.UK\",\n        \"reason\": \"Flat position, marginal change. Avoid overtrading.\"\n      },\n      {\n        \"symbol\": \"TUI1_CFD.DE\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"VTY_CFD.UK\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"XRX_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      },\n      {\n        \"symbol\": \"ZS_CFD.US\",\n        \"reason\": \"Zero position, no action.\"\n      }\n    ],\n    \"buy\": []\n  },\n  \"portfolio_rationale\": \"The current portfolio contains 7 open positions (AUTO, CBG, FUTR, HIK, IWG, KGF, PAGE, RMV, TRST). Most positions are flat or showing only marginal price changes (e.g., FUTR +0.5%, HIK +3.9%, KGF +5.2%, RMV +1.3%). The strategy is mean-reversion, but there are no extreme deviations or clear reversal signals in the provided data to justify selling existing positions or opening new ones. The 'avoid overtrading' rule dictates holding if changes are marginal. Therefore, no actions are taken.\"\n}",
              "type": "reasoning.text",
              "index": 0,
              "format": "unknown"
            }
          ]
        },
        "logprobs": null,
        "finish_reason": "stop",
        "native_finish_reason": "stop"
      }
    ],
    "created": 1775826136,
    "provider": "DeepInfra",
    "system_fingerprint": null
  }
}
Selection logs
#1084 • stage1 • 2026-04-10T13:02:16.347435+00:00
{
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      "is_byok": false,
      "cost_details": {
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        "upstream_inference_prompt_cost": 0.00166672,
        "upstream_inference_completions_cost": 0.00054775
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      "completion_tokens": 313,
      "prompt_tokens_details": {
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    },
    "object": "chat.completion",
    "choices": [
      {
        "index": 0,
        "message": {
          "role": "assistant",
          "content": null,
          "refusal": null,
          "reasoning": "{\n  \"selected_stocks\": [\n    {\n      \"symbol\": \"HAS_CFD.UK\",\n      \"mean_reversion_score\": 85,\n      \"selection_reason\": \"1d drop -17.2%, dist MA50 -12.9%, high vol 118%\"\n    },\n    {\n      \"symbol\": \"PAGE_CFD.UK\",\n      \"mean_reversion_score\": 90,\n      \"selection_reason\": \"1d drop -36.8%, dist MA50 -31.7%, extreme vol 193%\"\n    },\n    {\n      \"symbol\": \"ICG_CFD.UK\",\n      \"mean_reversion_score\": 75,\n      \"selection_reason\": \"1d drop -15.2%, dist MA50 -12.3%, vol 73%\"\n    },\n    {\n      \"symbol\": \"RS1_CFD.UK\",\n      \"mean_reversion_score\": 70,\n      \"selection_reason\": \"1d rise +23.9%, dist MA50 +23.7%, vol 103%\"\n    },\n    {\n      \"symbol\": \"BOY_CFD.UK\",\n      \"mean_reversion_score\": 72,\n      \"selection_reason\": \"1d rise +24.2%, dist MA50 +18.6%, vol 103%\"\n    }\n  ],\n  \"rejected_common_reasons\": [\n    \"Insufficient price deviation from mean\",\n    \"Extreme volatility outliers (>2000%)\",\n    \"Missing technical data\",\n    \"Region mismatch\"\n  ]\n}",
          "reasoning_details": [
            {
              "text": "{\n  \"selected_stocks\": [\n    {\n      \"symbol\": \"HAS_CFD.UK\",\n      \"mean_reversion_score\": 85,\n      \"selection_reason\": \"1d drop -17.2%, dist MA50 -12.9%, high vol 118%\"\n    },\n    {\n      \"symbol\": \"PAGE_CFD.UK\",\n      \"mean_reversion_score\": 90,\n      \"selection_reason\": \"1d drop -36.8%, dist MA50 -31.7%, extreme vol 193%\"\n    },\n    {\n      \"symbol\": \"ICG_CFD.UK\",\n      \"mean_reversion_score\": 75,\n      \"selection_reason\": \"1d drop -15.2%, dist MA50 -12.3%, vol 73%\"\n    },\n    {\n      \"symbol\": \"RS1_CFD.UK\",\n      \"mean_reversion_score\": 70,\n      \"selection_reason\": \"1d rise +23.9%, dist MA50 +23.7%, vol 103%\"\n    },\n    {\n      \"symbol\": \"BOY_CFD.UK\",\n      \"mean_reversion_score\": 72,\n      \"selection_reason\": \"1d rise +24.2%, dist MA50 +18.6%, vol 103%\"\n    }\n  ],\n  \"rejected_common_reasons\": [\n    \"Insufficient price deviation from mean\",\n    \"Extreme volatility outliers (>2000%)\",\n    \"Missing technical data\",\n    \"Region mismatch\"\n  ]\n}",
              "type": "reasoning.text",
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    "created": 1775826128,
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}