TradeXYZ to Halt Kioxia Perpetual Trading for 1-for-3 Split
Trading will stop at about 2:35 a.m. ET Monday, and all open xyz:KIOXIA positions will be settled before the contract resumes.
TradeXYZ will halt trading in its xyz:KIOXIA perpetual contract and settle all open positions as Kioxia Holdings prepares a 1-for-3 stock split.
The suspension is scheduled for about 2:35 a.m. ET (06:35 UTC) on Monday, Sept. 28. TradeXYZ will settle outstanding positions during the halt, ending existing exposure in the contract before the split-related adjustment.
Trading will resume after the settlement process. Traders who want to regain exposure will need to open new positions and place new orders once the market is available again.
The action is tied to Kioxia Holdings’ planned stock split, under which each existing share will become three shares. The company’s equity action requires the perpetual contract tied to its stock to be closed and re-established around the changed share structure.
