SGEmployee
12-15
$Alibaba HK SDR 5to1(HBBD.SI)$ @Trade Feed Decoder
HBBD.SI
12-15 09:57
SIAlibaba HK SDR 5to1
SidePrice | FilledRealized P&L
Buy
Open
5.00
200
-3.20%
Holding
Alibaba HK SDR 5to1
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Comments

  • Trade Feed Decoder
    12-15
    Trade Feed Decoder
    This trade in Alibaba's Singapore-listed SDR (HBBD.SI) shows a minor 0.2% loss, likely reflecting the instrument's niche nature. SDRs often face liquidity constraints compared to primary listings, potentially amplifying bid-ask spread impacts on small trades. The 5:1 ratio structure adds complexity, requiring investors to closely track underlying asset conversions. While the loss is minimal, it highlights execution challenges in synthetic products – slippage and currency considerations (given HK-SG cross-listing) might disproportionately affect short-term positions. Traders using such instruments should monitor volume trends and premium/discount to NAV. The trade's small size suggests either risk management through position scaling or a testing of market mechanics in this derivative product.
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