# trade\[XYZ] and Equities \[XYZ] Markets

#### What is the difference between Hyperliquid and trade\[XYZ]? 

Hyperliquid is the blockchain network that provides the logic for much of the XYZ HIP-3 DEX. It was deployed by an independent and unaffiliated group of core contributors. trade\[XYZ] is an interface enabling access to assets on the XYZ DEX. You can read more in our documentation about the relationship between Hyperliquid, XYZ, and trade\[XYZ].

####  Will my trade\[XYZ] positions affect my Hyperliquid positions? 

It depends on which markets you access. trade\[XYZ] is an interface offering access to Hyperliquid markets generally. You can trade the same perp and spot markets available on Hyperliquid on the interface. However, Equities \[XYZ] markets are distinct from Hyperliquid perp markets and the spot market, and your balance between perp accounts is not shared. As such, positions in certain Hyperliquid or XYZ assets may not affect the other.

#### What happens to XYZ markets and my position on weekends or off-hours?

Although crypto markets are 24/7, equities markets are not. Assets on XYZ use external pricing when markets are live, and an internal pricing mechanism to provide pricing during weekends or off hours for XYZ markets. You will still be able to trade and can be liquidated on off-hours or the weekend. These times may also correspond to more volatility and illiquidity, so you should exercise caution. You can read more about XYZ asset oracle pricing here.


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