Your first trade

Orders run against a simulated venue

XIO currently executes against a simulated venue while the Hyperliquid execution layer is finished and audited. Everything below is real — the surfaces, the plan, the checks, the journal — but orders are not yet reaching the live exchange. This page will say so plainly until they are.

There are two ways a trade happens on XIO: you place it, or Lloyd proposes it and you approve. Both run through the same checks and land in the same journal.

Placing one yourself

Open the Perps tab, pick a market, and choose a direction. Set your size and leverage, review the order, and submit.

Manual trading is a full execution environment, not a fallback. Order types, leverage control, and position management are all there, and using them does not interfere with Lloyd.

Try itOpen the Perps tab

Markets, the order form, and position management. Orders run against the simulated venue until live execution is switched on.

Letting Lloyd propose

In supervised mode — the default — Lloyd does not trade on its own. It proposes, and the proposal reaches you with what it saw, what part of your plan applied, and what it wants to do.

Approve it and the trade runs the same gates as one of yours. Decline it and nothing happens, and the decline is recorded with the rest.

Nothing expires into a trade. If you never answer, the proposal is not executed — a supervised mode that acts when you go quiet is not supervised.

Reading what happened

Every fill appears in your journal alongside the reasoning that led to it. Positions, orders and P&L sit on the Perps and Home surfaces.

If a proposal was refused by a gate, that is in the journal too, with which gate refused it and why.

What to take from this

• You can trade manually at any time; it is a first-class surface.
• Supervised mode proposes and waits — silence is never consent.
• Manual and agent trades run identical checks and share one journal.