SKHY (xyz:SKHY) is available to trade, 24/7, 365. SKHY tracks the value of 1 SK Hynix American Depositary Share — the Nasdaq-listed security representing one-tenth of a SK Hynix common share held on deposit with a depositary bank. It launches as a pre-IPO contract and converts to a standard XYZ perpetual after the ADS begins trading on Nasdaq. TradeXYZ’s existing SKHYNIX market (xyz:SKHX) is unchanged. It tracks 1 common share of SK Hynix Inc. (KRX: 000660) and continues to operate normally against the company’s primary listing in Seoul. The two markets are related but distinct: 10 ADSs represent 1 common share, and the ADS may trade at a premium or discount to the Seoul line. As always, participants are advised to understand a market’s underlying before trading.
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