According to the announcement from Binance, Binance Stocks will allow users to place whole-share regular trading hours limit orders for SK hynix Inc. ADR on a when-issued basis under the temporary symbol SKHYV starting from 2026-07-10 09:05 (UTC). The company said the change is intended to expand trading choices and adjust the trading experience for users. SK hynix Inc. is expected to begin trading on 2026-07-10 on a when-issued basis under the symbol SKHYV, with trading set to close at 2026-07-10 20:00 (UTC). Binance added that the symbol is expected to change to SKHY and begin trading on a regular-way basis effective 2026-07-13 13:30 (UTC). It also noted that, based on historical Nasdaq behavior for high-profile IPOs, the symbol is not expected to open at the usual 13:30 (UTC), and that the initial price discovery phase typically lasts for several hours, during which orders are queued and will not be executed until the market is officially open for SKHYV.
Heading: Product and Instrument Details
SK hynix is described as an American Depositary Receipt (ADR), with each ADR representing one-tenth (1/10) of one ordinary share of SK Hynix Inc. listed on the Korea Exchange. Binance said holders are subject to a standard ADR fee charged by the depositary bank. Heading: Order Types and Session Handling
Binance stated that only limit orders are supported prior to the opening cross, with both Good Till Cancel (GTC) and day orders available, while market orders are not supported. Any unfilled SKHYV orders remaining after the when-issued trading session ends will expire. Heading: Trading Halts and Controls
Limit Up Limit Down (LULD) bands apply, and if the price moves outside the band, trading is paused; trading resumes only after Nasdaq lifts a halt. During a halt, no new orders can be placed, pending status market orders will be cancelled, and pending status limit orders will remain. Binance also said partnered brokers may enforce net buy restrictions or caps, potentially rejecting new buy orders while allowing risk-reducing sell orders depending on controls. Fully Paid Securities Lending (FPSL) for SKHY will be eligible when shares from trades are fully settled (T+1 trading day).
Binance Stocks Will Enable When-Issued Limit Orders for SK hynix ADR Under Temporary Symbol SKHYV
2026-07-10 05:18:27
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