Given the parametric equations:\[x = a \left( \frac{1 - t^2}{1 + t^2} \right) \quad {and} \quad y = \frac{2at}{1 + t^2}\]Substitute \( t = \tan \theta \).This yields:\[x = a \left( \frac{1 - \tan^2 \theta}{1 + \tan^2 \theta} \right) \quad {and} \quad y = \frac{2a \tan \theta}{1 + \tan^2 \theta}\]These simplify to:\[x = a \cos 2\theta \quad {and} \quad y = a \sin 2\theta\]Rearranging, we get:\[\cos 2\theta = \frac{x}{a} \quad {and} \quad \sin 2\theta = \frac{y}{a}\]Squaring both expressions:\[\cos^2 2\theta = \frac{x^2}{a^2} \quad {and} \quad \sin^2 2\theta = \frac{y^2}{a^2}\]Adding the squared equations:\[\cos^2 2\theta + \sin^2 2\theta = \frac{x^2}{a^2} + \frac{y^2}{a^2}\]Applying the identity \( \cos^2 \phi + \sin^2 \phi = 1 \):\[1 = \frac{x^2 + y^2}{a^2}\]Therefore, the equation is:\[x^2 + y^2 = a^2\]This equation defines a circle centered at the origin with a radius of \( a \).Consequently, the locus of the point is a circle with center at the origin and radius \( a \).