SK Hynix ADR Pre-Launch Trading Now Live on Binance
Binance has announced the commencement of pre-launch trading for SK Hynix Inc.'s American Depositary Receipts (ADRs). Starting at 17:05 UTC+8, users can place limit orders for this asset ahead of its official listing.
Key Trading Details and Timeline
The pre-launch trading uses the temporary ticker symbol SKHYV. Each ADR represents one-tenth (1/10) of an ordinary share of SK Hynix listed on the Korea Exchange. Standard ADR fees charged by the depositary bank will apply to holders.
- Trading Window: The pre-launch session runs from July 10, 17:05 UTC+8 to July 11, 04:00 UTC+8.
- Symbol Change: The temporary symbol SKHYV is expected to transition to the permanent symbol SKHY on July 13 at 21:30 UTC+8, marking the start of regular trading.
Essential Rules and Considerations for Traders
Specific rules govern this pre-launch phase, requiring careful attention from participants.
Order Types and Execution
During the pre-launch session, only limit orders are supported. Both Good-Til-Cancelled (GTC) and day orders are available, but market orders are not. Historically, for similar listings on Nasdaq, the stock may not open at the scheduled time, with price discovery often taking several hours. All orders will be executed after the market officially opens.
Important Limitations and Notes
- Any unfilled SKHYV orders will be automatically cancelled after the pre-launch session concludes.
- The stock is subject to standard NMS circuit breaker rules; trading will halt if price limits are breached.
- Partner brokers may impose net buying limits or caps.
- Full securities lending for SKHY will become effective after trade settlement (T+1).
Eligibility to participate in this new listing is subject to the regulations of the user's country or region and platform requirements. Traders are advised to review all relevant risk disclosures and rules before proceeding.