China

External Coverage

For China-listed equities on Shanghai Star Exchange, the Relayer derives external prices during market open trading sessions (UTC+8):

• Monday through Friday: 9:30 – 11:30 am and 1:00 – 2:57 pm.

Internal Pricing

Internal pricing applies outside of the market open sessions, including:

• Monday through Friday:
  • 12:00 am – 9:30 am.
  • 11:30 am – 1:00 pm.
  • 2:57 pm – 12:00 am.
• Weekends and exchange holidays

FX Conversion

The relayer aggregates executable quotes for CNH-denominated instruments alongside real-time USD/CNH FX rates. To maintain consistency with XYZ’s linear contract structure, which is margined and settled exclusively in USDC, the system automatically converts these quotes into USD pricing. This ensures a seamless trading experience and eliminates currency friction for users.