diff --git a/docs/proposals/ARCHITECTURE_OVERVIEW.md b/docs/proposals/ARCHITECTURE_OVERVIEW.md
new file mode 100644
index 00000000..9b80a00f
--- /dev/null
+++ b/docs/proposals/ARCHITECTURE_OVERVIEW.md
@@ -0,0 +1,545 @@
+# TradingAgents Architecture Overview
+
+> **Purpose:** Reference document mapping the current TradingAgents architecture.
+> **Status:** Informational (no changes proposed here)
+> **Related:** [RFC_AUTORESEARCH_INTRADAY.md](./RFC_AUTORESEARCH_INTRADAY.md)
+>
+> This document is submitted as context for the auto-research RFC. It captures
+> the current architecture to ground the proposal in existing code.
+
+## Overview
+
+TradingAgents is a **multi-agent LLM system** that analyzes stocks using 12 AI agents organized in 4 layers:
+1. **Analysis Layer** - 4 analysts gather data using tools
+2. **Investment Debate Layer** - Bull vs Bear researchers debate, judge decides
+3. **Trading Layer** - Trader creates execution plan
+4. **Risk Management Layer** - 3 risk analysts debate, portfolio manager makes final call
+
+---
+
+## Complete System Flow (High Level)
+
+```mermaid
+flowchart TD
+ USER["User calls ta.propagate('NVDA', '2024-05-10')"]
+
+ subgraph INIT["Initialization"]
+ MAIN["main.py"] --> CONFIG["default_config.py"]
+ CONFIG --> GRAPH["TradingAgentsGraph.__init__()"]
+ GRAPH --> LLM_FACTORY["create_llm_client() - factory.py"]
+ LLM_FACTORY --> DEEP["deep_thinking_llm"]
+ LLM_FACTORY --> QUICK["quick_thinking_llm"]
+ GRAPH --> MEM_INIT["Initialize Memories
bull_memory, bear_memory, trader_memory"]
+ end
+
+ USER --> PROPAGATOR["Propagator
Creates initial state"]
+
+ subgraph ANALYSTS["Layer 1: Analysis (Sequential)"]
+ MA["Market Analyst
tools: get_stock_data, get_indicators"]
+ SA["Social Media Analyst
tools: get_news"]
+ NA["News Analyst
tools: get_news, get_global_news"]
+ FA["Fundamentals Analyst
tools: get_fundamentals,
get_balance_sheet,
get_cashflow,
get_income_statement"]
+ MA --> SA --> NA --> FA
+ end
+
+ subgraph DEBATE["Layer 2: Investment Debate"]
+ BULL["Bull Researcher
(BUY advocate + memory)"]
+ BEAR["Bear Researcher
(SELL advocate + memory)"]
+ BULL <-->|"max_debate_rounds"| BEAR
+ JUDGE["Research Manager
(Judge: BUY/SELL/HOLD)"]
+ BULL --> JUDGE
+ BEAR --> JUDGE
+ end
+
+ subgraph TRADE["Layer 3: Trading"]
+ TRADER["Trader
(Execution strategy + memory)"]
+ end
+
+ subgraph RISK["Layer 4: Risk Management Debate"]
+ AGG["Aggressive Analyst
(High risk, high reward)"]
+ CON["Conservative Analyst
(Low risk, protect assets)"]
+ NEU["Neutral Analyst
(Balanced approach)"]
+ AGG <-->|"max_risk_discuss_rounds"| CON
+ CON <-->|"max_risk_discuss_rounds"| NEU
+ PM["Portfolio Manager
(Final Judge)"]
+ AGG --> PM
+ CON --> PM
+ NEU --> PM
+ end
+
+ subgraph OUTPUT["Final Output"]
+ SP["SignalProcessor
Extracts: BUY/OVERWEIGHT/HOLD/UNDERWEIGHT/SELL"]
+ end
+
+ PROPAGATOR --> ANALYSTS
+ FA --> DEBATE
+ JUDGE --> TRADE
+ TRADER --> RISK
+ PM --> SP
+
+ SP --> DECISION["Final Decision Returned to User"]
+
+ style ANALYSTS fill:#e1f5fe,e1f5fe,stroke:#0277bd,stroke-width:2px,color:#01579b
+ style DEBATE fill:#fff3e0,stroke:#ef6c00,stroke-width:2px,color:#e65100
+ style TRADE fill:#e8f5e9,stroke:#2e7d32,stroke-width:2px,color:#1b5e20
+ style RISK fill:#fce4ec,stroke:#c2185b,stroke-width:2px,color:#880e4f
+ style OUTPUT fill:#f3e5f5,stroke:#7b1fa2,stroke-width:2px,color:#4a148c
+```
+
+---
+
+## Data Flow: From APIs to Agent Reports
+
+```mermaid
+%%{init: {
+ 'themeVariables': { 'fontSize': '20px' },
+ 'flowchart': { 'nodeSpacing': 100, 'rankSpacing': 140 }
+}}%%
+flowchart LR
+ subgraph EXTERNAL["External Data Sources"]
+ YF["yfinance API
(Free, no key)"]
+ AV["Alpha Vantage API
(Needs API key)"]
+ end
+
+ subgraph DATAFLOWS["tradingagents/dataflows/"]
+ YF_PY["y_finance.py
get_YFin_data_online()"]
+ YF_NEWS["yfinance_news.py
get_news_yfinance()
get_global_news_yfinance()"]
+ AV_STOCK["alpha_vantage_stock.py"]
+ AV_FUND["alpha_vantage_fundamentals.py"]
+ AV_IND["alpha_vantage_indicator.py"]
+ AV_NEWS["alpha_vantage_news.py"]
+
+ ROUTER["interface.py
route_to_vendor()
Decides: yfinance or alpha_vantage?
Auto-fallback on rate limit"]
+ end
+
+ subgraph TOOLS["tradingagents/agents/utils/ (Tool Layer)"]
+ T1["core_stock_tools.py
get_stock_data()"]
+ T2["technical_indicators_tools.py
get_indicators()"]
+ T3["fundamental_data_tools.py
get_fundamentals()
get_balance_sheet()
get_cashflow()
get_income_statement()"]
+ T4["news_data_tools.py
get_news()
get_global_news()
get_insider_transactions()"]
+ end
+
+ subgraph AGENTS["Analyst Agents"]
+ MA2["Market Analyst"]
+ SA2["Social Media Analyst"]
+ NA2["News Analyst"]
+ FA2["Fundamentals Analyst"]
+ end
+
+ YF --> YF_PY
+ YF --> YF_NEWS
+ AV --> AV_STOCK
+ AV --> AV_FUND
+ AV --> AV_IND
+ AV --> AV_NEWS
+
+ YF_PY --> ROUTER
+ YF_NEWS --> ROUTER
+ AV_STOCK --> ROUTER
+ AV_FUND --> ROUTER
+ AV_IND --> ROUTER
+ AV_NEWS --> ROUTER
+
+ ROUTER --> T1
+ ROUTER --> T2
+ ROUTER --> T3
+ ROUTER --> T4
+
+ T1 --> MA2
+ T2 --> MA2
+ T4 --> SA2
+ T4 --> NA2
+ T3 --> FA2
+
+ style EXTERNAL fill:#ffecb3,stroke:#f9a825,stroke-width:2px,color:#f57f17
+ style DATAFLOWS fill:#e1f5fe,stroke:#0277bd,stroke-width:2px,color:#01579b
+ style TOOLS fill:#e8f5e9,stroke:#2e7d32,stroke-width:2px,color:#1b5e20
+ style AGENTS fill:#f3e5f5,stroke:#7b1fa2,stroke-width:2px,color:#4a148c
+```
+
+---
+
+## interface.py - The Router (Detailed)
+
+```mermaid
+flowchart TD
+ CALL["Agent calls a tool
e.g., get_stock_data('NVDA', ...)"]
+
+ ROUTE["route_to_vendor('get_stock_data', *args)"]
+
+ CAT["get_category_for_method()
→ 'core_stock_apis'"]
+
+ VENDOR["get_vendor(category, method)
1. Check tool_vendors config (highest priority)
2. Fall back to data_vendors config
3. Fall back to 'default'"]
+
+ PRIMARY["Try PRIMARY vendor
(e.g., yfinance)"]
+
+ SUCCESS{"Success?"}
+
+ RATE_LIMIT{"Rate Limited?"}
+
+ FALLBACK["Try FALLBACK vendor
(e.g., alpha_vantage)"]
+
+ RETURN["Return data to agent"]
+
+ CALL --> ROUTE --> CAT --> VENDOR --> PRIMARY --> SUCCESS
+ SUCCESS -->|"Yes"| RETURN
+ SUCCESS -->|"No"| RATE_LIMIT
+ RATE_LIMIT -->|"Yes"| FALLBACK
+ RATE_LIMIT -->|"No (other error)"| ERROR["Raise Error"]
+ FALLBACK --> RETURN
+
+ style ROUTE fill:#bbdefb,stroke:#0277bd,stroke-width:2px,color:#01579b
+ style VENDOR fill:#c8e6c9,stroke:#2e7d32,stroke-width:2px,color:#1b5e20
+```
+
+---
+
+## Tool Categories & Vendor Mapping
+
+```mermaid
+%%{init: {'flowchart': {'nodeSpacing': 80, 'rankSpacing': 120}}}%%
+flowchart TD
+ subgraph CATEGORIES["Tool Categories (from config)"]
+ C1["core_stock_apis"]
+ C2["technical_indicators"]
+ C3["fundamental_data"]
+ C4["news_data"]
+ end
+
+ subgraph TOOLS_IN_CATS["Tools per Category"]
+ C1 --> T_STOCK["get_stock_data"]
+ C2 --> T_IND["get_indicators"]
+ C3 --> T_FUND["get_fundamentals"]
+ C3 --> T_BAL["get_balance_sheet"]
+ C3 --> T_CASH["get_cashflow"]
+ C3 --> T_INC["get_income_statement"]
+ C4 --> T_NEWS["get_news"]
+ C4 --> T_GNEWS["get_global_news"]
+ C4 --> T_INSIDER["get_insider_transactions"]
+ end
+
+ subgraph VENDORS["Available Vendor Implementations"]
+ V_YF["yfinance
(Free, default)"]
+ V_AV["Alpha Vantage
(API key needed)"]
+ end
+
+ T_STOCK --> V_YF
+ T_STOCK --> V_AV
+ T_IND --> V_YF
+ T_IND --> V_AV
+ T_FUND --> V_YF
+ T_FUND --> V_AV
+ T_BAL --> V_YF
+ T_BAL --> V_AV
+ T_CASH --> V_YF
+ T_CASH --> V_AV
+ T_INC --> V_YF
+ T_INC --> V_AV
+ T_NEWS --> V_YF
+ T_NEWS --> V_AV
+ T_GNEWS --> V_YF
+ T_GNEWS --> V_AV
+ T_INSIDER --> V_YF
+
+ style CATEGORIES fill:#fff3e0,stroke:#ef6c00,stroke-width:2px,color:#e65100
+ style VENDORS fill:#e8f5e9,stroke:#2e7d32,stroke-width:2px,color:#1b5e20
+```
+
+---
+
+## Agent Detail: Who Has What Tools
+
+```mermaid
+%%{init: {
+ 'themeVariables': { 'fontSize': '20px' },
+ 'flowchart': { 'nodeSpacing': 100, 'rankSpacing': 50 }
+}}%%
+flowchart LR
+ subgraph WITH_TOOLS["Agents WITH Tools (4)"]
+ MA3["Market Analyst"]
+ SA3["Social Media Analyst"]
+ NA3["News Analyst"]
+ FA3["Fundamentals Analyst"]
+ end
+
+ subgraph NO_TOOLS["Agents WITHOUT Tools (8) - Pure LLM Reasoning"]
+ BULL3["Bull Researcher"]
+ BEAR3["Bear Researcher"]
+ RM3["Research Manager"]
+ TR3["Trader"]
+ AG3["Aggressive Analyst"]
+ CO3["Conservative Analyst"]
+ NE3["Neutral Analyst"]
+ PM3["Portfolio Manager"]
+ end
+
+ MA3 -->|uses| T_S["get_stock_data
get_indicators"]
+ SA3 -->|uses| T_N1["get_news"]
+ NA3 -->|uses| T_N2["get_news
get_global_news"]
+ FA3 -->|uses| T_F["get_fundamentals
get_balance_sheet
get_cashflow
get_income_statement"]
+
+ BULL3 -->|reads| REPORTS["All 4 Analyst Reports
+ Past Memories"]
+ BEAR3 -->|reads| REPORTS
+ RM3 -->|reads| DEBATE_HIST["Debate History"]
+ TR3 -->|reads| INV_PLAN["Investment Plan"]
+ AG3 -->|reads| TRADE_PLAN["Trader's Plan"]
+ CO3 -->|reads| TRADE_PLAN
+ NE3 -->|reads| TRADE_PLAN
+ PM3 -->|reads| RISK_HIST["Risk Debate History"]
+
+ style WITH_TOOLS fill:#c8e6c9,stroke:#2e7d32,stroke-width:2px,color:#1b5e20
+ style NO_TOOLS fill:#ffecb3,stroke:#f9a825,stroke-width:2px,color:#f57f17
+```
+
+---
+
+## LangGraph Execution Flow (Detailed)
+
+```mermaid
+%%{init: {
+ 'themeVariables': { 'fontSize': '20px' },
+ 'flowchart': { 'nodeSpacing': 80, 'rankSpacing': 80 }
+}}%%
+stateDiagram-v2
+ [*] --> Propagator: propagate(ticker, date)
+
+ Propagator --> MarketAnalyst: Initial state created
+
+ state "Analyst Phase" as AP {
+ MarketAnalyst --> tools_market: Calls tools
+ tools_market --> MarketAnalyst: Returns data
+ MarketAnalyst --> MsgClearMarket: Report done
+ MsgClearMarket --> SocialAnalyst
+ SocialAnalyst --> tools_social: Calls tools
+ tools_social --> SocialAnalyst: Returns data
+ SocialAnalyst --> MsgClearSocial: Report done
+ MsgClearSocial --> NewsAnalyst
+ NewsAnalyst --> tools_news: Calls tools
+ tools_news --> NewsAnalyst: Returns data
+ NewsAnalyst --> MsgClearNews: Report done
+ MsgClearNews --> FundAnalyst
+ FundAnalyst --> tools_fund: Calls tools
+ tools_fund --> FundAnalyst: Returns data
+ FundAnalyst --> MsgClearFund: Report done
+ }
+
+ state "Investment Debate" as ID {
+ BullResearcher --> BearResearcher: Bull case
+ BearResearcher --> BullResearcher: Bear counter
+ note right of BullResearcher: Loops max_debate_rounds times
+ BearResearcher --> ResearchManager: Debate ends
+ ResearchManager --> InvestmentPlan: BUY/SELL/HOLD
+ }
+
+ state "Trading" as TR {
+ Trader --> TraderPlan: Execution strategy
+ }
+
+ state "Risk Debate" as RD {
+ Aggressive --> Conservative: High-risk view
+ Conservative --> Neutral: Low-risk view
+ Neutral --> Aggressive: Balanced view
+ note right of Aggressive: Loops max_risk_discuss_rounds times
+ Neutral --> PortfolioManager: Debate ends
+ }
+
+ MsgClearFund --> BullResearcher
+ InvestmentPlan --> Trader
+ TraderPlan --> Aggressive
+ PortfolioManager --> SignalProcessor
+ SignalProcessor --> [*]: BUY/OVERWEIGHT/HOLD/UNDERWEIGHT/SELL
+```
+
+---
+
+## Memory System (BM25 Similarity Search)
+
+```mermaid
+%%{init: {
+ 'themeVariables': { 'fontSize': '20px' },
+ 'flowchart': { 'nodeSpacing': 100, 'rankSpacing': 120 }
+}}%%
+flowchart TD
+ subgraph MEMORIES["5 Memory Instances"]
+ M1["bull_memory
FinancialSituationMemory"]
+ M2["bear_memory
FinancialSituationMemory"]
+ M3["trader_memory
FinancialSituationMemory"]
+ M4["invest_judge_memory"]
+ M5["portfolio_manager_memory"]
+ end
+
+ subgraph WRITE_PATH["Writing to Memory (after trade results)"]
+ RESULT["Trade returns/losses"]
+ REFLECT["Reflector
reflection.py"]
+ REFLECT -->|"What went right/wrong?"| LESSONS["Lessons learned
(situation, recommendation) pairs"]
+ LESSONS --> M1
+ LESSONS --> M2
+ LESSONS --> M3
+ LESSONS --> M4
+ LESSONS --> M5
+ end
+
+ subgraph READ_PATH["Reading from Memory (during analysis)"]
+ CURRENT["Current market situation"]
+ BM25["BM25Okapi Search
memory.py"]
+ CURRENT --> BM25
+ BM25 -->|"Top N similar past situations"| CONTEXT["Past lessons + recommendations"]
+ CONTEXT --> AGENTS2["Researchers & Managers
use past experience"]
+ end
+
+ RESULT --> REFLECT
+ M1 --> BM25
+ M2 --> BM25
+
+ style MEMORIES fill:#e1f5fe,stroke:#0277bd,stroke-width:2px,color:#01579b
+ style WRITE_PATH fill:#fff3e0,stroke:#ef6c00,stroke-width:2px,color:#e65100
+ style READ_PATH fill:#e8f5e9,stroke:#2e7d32,stroke-width:2px,color:#1b5e20
+```
+
+---
+
+## LLM Client Architecture
+
+```mermaid
+%%{init: {
+ 'themeVariables': {
+ 'fontSize': '18px'
+ },
+ 'flowchart': {
+ 'nodeSpacing': 80,
+ 'rankSpacing': 120
+ }
+}}%%
+flowchart TB
+
+ %% Factory Layer
+ subgraph FACTORY["Factory Layer"]
+ CF["create_llm_client(provider, model)"]
+ end
+
+ %% Base Layer
+ subgraph BASE["Base Class"]
+ BLC["BaseLLMClient
- get_llm()
- validate_model()
- warn_if_unknown_model()"]
+ end
+
+ %% Provider Layer
+ subgraph CLIENTS["Provider Implementations"]
+ direction LR
+ OAI["OpenAIClient
(openai, ollama, openrouter, xai)"]
+ ANTH["AnthropicClient"]
+ GOOG["GoogleClient"]
+ end
+
+ %% Flow (clean hierarchy)
+ CF --> BLC
+ BLC --> OAI
+ BLC --> ANTH
+ BLC --> GOOG
+
+ %% Optional: show routing logic (lighter)
+ CF -.->|"openai"| OAI
+ CF -.->|"anthropic"| ANTH
+ CF -.->|"google"| GOOG
+
+ %% Styles (cleaner contrast)
+ style FACTORY fill:#fff3e0,stroke:#ef6c00,stroke-width:2px,color:#e65100
+ style BASE fill:#e1f5fe,stroke:#0277bd,stroke-width:2px,color:#01579b
+ style CLIENTS fill:#e8f5e9,stroke:#2e7d32,stroke-width:2px,color:#1b5e20
+```
+
+---
+
+## Complete File Structure
+
+```
+TradingAgents/
+├── main.py # Entry point
+├── tradingagents/
+│ ├── default_config.py # All default settings
+│ │
+│ ├── agents/
+│ │ ├── analysts/
+│ │ │ ├── market_analyst.py # Tools: get_stock_data, get_indicators
+│ │ │ ├── social_media_analyst.py # Tools: get_news
+│ │ │ ├── news_analyst.py # Tools: get_news, get_global_news
+│ │ │ └── fundamentals_analyst.py # Tools: get_fundamentals, balance_sheet, cashflow, income
+│ │ │
+│ │ ├── researchers/
+│ │ │ ├── bull_researcher.py # BUY advocate (with memory)
+│ │ │ └── bear_researcher.py # SELL advocate (with memory)
+│ │ │
+│ │ ├── managers/
+│ │ │ ├── research_manager.py # Judge for Bull/Bear debate
+│ │ │ └── portfolio_manager.py # Judge for Risk debate (FINAL decision)
+│ │ │
+│ │ ├── trader/
+│ │ │ └── trader.py # Execution strategy
+│ │ │
+│ │ ├── risk_mgmt/
+│ │ │ ├── aggressive_debator.py # High risk advocate
+│ │ │ ├── conservative_debator.py # Low risk advocate
+│ │ │ └── neutral_debator.py # Balanced advocate
+│ │ │
+│ │ └── utils/
+│ │ ├── agent_states.py # State definitions (AgentState)
+│ │ ├── agent_utils.py # Helper utilities
+│ │ ├── memory.py # BM25-based memory system
+│ │ ├── core_stock_tools.py # Tool: get_stock_data
+│ │ ├── technical_indicators_tools.py # Tool: get_indicators
+│ │ ├── fundamental_data_tools.py # Tools: fundamentals, balance sheet, etc.
+│ │ └── news_data_tools.py # Tools: news, global_news, insider_transactions
+│ │
+│ ├── graph/
+│ │ ├── trading_graph.py # Main orchestrator class
+│ │ ├── setup.py # LangGraph node/edge definitions
+│ │ ├── conditional_logic.py # Flow control (debate rounds, routing)
+│ │ ├── propagation.py # State initialization
+│ │ ├── reflection.py # Post-trade learning
+│ │ └── signal_processing.py # Extract final BUY/SELL/HOLD signal
+│ │
+│ ├── dataflows/
+│ │ ├── interface.py # THE ROUTER: routes tools to vendors
+│ │ ├── config.py # Data config getter/setter
+│ │ ├── utils.py # Utility functions
+│ │ ├── y_finance.py # yfinance data fetching
+│ │ ├── yfinance_news.py # yfinance news fetching
+│ │ ├── alpha_vantage_stock.py # Alpha Vantage stock data
+│ │ ├── alpha_vantage_fundamentals.py # Alpha Vantage financials
+│ │ ├── alpha_vantage_indicator.py # Alpha Vantage indicators
+│ │ ├── alpha_vantage_news.py # Alpha Vantage news
+│ │ ├── alpha_vantage_common.py # Shared AV utilities
+│ │ └── stockstats_utils.py # Technical indicator calculations
+│ │
+│ └── llm_clients/
+│ ├── factory.py # create_llm_client() factory function
+│ ├── base_client.py # BaseLLMClient abstract class
+│ ├── openai_client.py # OpenAI/Ollama/xAI/OpenRouter
+│ ├── anthropic_client.py # Anthropic Claude
+│ ├── google_client.py # Google Gemini
+│ ├── validators.py # Model name validation
+│ └── model_catalog.py # Known model lists
+```
+
+---
+
+## State Object: What Data Flows Between Agents
+
+```mermaid
+flowchart TD
+ subgraph STATE["AgentState (shared state object)"]
+ S1["messages: list - LLM conversation history"]
+ S2["company_of_interest: str - 'NVDA'"]
+ S3["trade_date: str - '2024-05-10'"]
+ S4["market_report: str - Market Analyst output"]
+ S5["sentiment_report: str - Social Analyst output"]
+ S6["news_report: str - News Analyst output"]
+ S7["fundamentals_report: str - Fundamentals Analyst output"]
+ S8["investment_debate_state: dict - Bull/Bear debate history + judge decision"]
+ S9["investment_plan: str - Research Manager's plan"]
+ S10["trader_investment_plan: str - Trader's execution plan"]
+ S11["risk_debate_state: dict - Risk debate history"]
+ S12["final_trade_decision: str - Portfolio Manager's FINAL output"]
+ end
+
+ style STATE fill:#f5f5f5
+```