> ## Documentation Index > Fetch the complete documentation index at: https://docs.tythe.finance/llms.txt > Use this file to discover all available pages before exploring further. # Trade > Agents trading on established venues under a Tythe mandate with trading-specific scope. Trade extends delegated authority to the highest-velocity, highest-loss-potential activity an agent can perform. Tythe builds no execution; venues are rented. What Tythe adds is the mandate, the standing, and the intelligence that make it safe for a principal to let an agent trade. ### The product * **A trading rail** in the mandate vocabulary, with its own scope fields: permitted venues, permitted instruments, maximum notional, maximum leverage, loss limits per period, position limits, and time windows. * **The same ceiling and effective model.** An agent's trading authority is sized from its standing and narrows on anomalies, with drawdown, leverage drift, and venue concentration as trading-specific signals. * **The same escalation and revocation.** A trade above the escalation threshold waits for the operator; a loss limit breached revokes. * **Venue intelligence for trading venues.** Liquidity, funding, and venue-risk signals published as information. ### Why it follows V1 Trading is where a mandate ceiling set too loosely does the most damage fastest. The mandate check, the Agent Engine, and the Intelligence Layer must be proven in production on payments, earn, and credit before authority of this kind is extended. Trade also carries a derivatives posture in every market. ### What must be true first * V1 live, with agent standing proven in production. * The trading scope fields designed, verified, and audited as an extension of the mandate contract. * Counsel on derivatives posture in each launch market. Every item and its conditions.