Internal Trading
DraftStatus: Draft
Version: 0.1.0
Last Updated: 2026-05-16
Owner: Axodus Trading / Treasury
Purpose
Internal Trading is the Axodus-facing trading function that may support ecosystem revenue, treasury strategy analysis, liquidity operations, market intelligence, strategy validation, and financial sustainability.
Internal Trading is not uncontrolled treasury speculation.
Scope
This page covers research-only trading, paper trading, limited capital pilots, treasury strategies, market making or liquidity support if approved, arbitrage or opportunity strategies, and trend or signal strategies.
Objectives
Internal Trading may research market opportunities, support treasury strategy, validate strategies before user-facing release, produce market intelligence, test execution infrastructure, develop risk management practices, and provide data for governance and treasury reports.
Treasury Capital Rules
Live treasury capital requires governance or treasury authority. Strategies must define risk limits, leverage policy, allocation limits, reporting cadence, pause conditions, emergency response, and accountable ownership.
Losses must be reported. Performance must be contextualized.
Internal Strategy Record
Strategy records should include strategy ID, name, objective, market, exchange or protocol, capital source, allocation limit, leverage policy, risk limits, monitoring expectations, governance or treasury approval, reporting frequency, status, owner, and review date.
Review Flow
- Strategy hypothesis created.
- Research and backtest performed.
- Trinity analysis prepared.
- Agent Smith adversarial review runs for high-risk items.
- Risk limits are defined.
- Treasury impact is assessed.
- Governance or treasury review occurs when material.
- Limited pilot runs if approved.
- Monitoring is enabled.
- Performance and risk are reported.
- Strategy continues, pauses, or deprecates based on review.
Metrics
Metrics may include PnL, fees, slippage, win rate where relevant, max drawdown, exposure, leverage, liquidation distance, volatility, uptime, failed orders, API errors, incidents, approved allocation, current allocation, and governance reference.
Risks
Risks include treasury loss, uncontrolled leverage, exchange failure, model overfitting, liquidity risk, reporting gaps, and governance bypass.