Hong Kong's TMA to launch official rate for spot fixing

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Hong Kong's Treasury Markets Associations (TMA) launched the official spot USD/HKD fixing rate on April 6. The spot fixing rate is calculated and distributed by Reuters. It serves as a reference rate for the pricing of Hong Kong dollar-linked currency products.

"The availability of a representative fixing for the spot USD/HKD exchange rates will be conducive to the further development of the Hong Kong dollar-rated currency products in Hong Kong," says Eddie Tan, chairman of the TMA codes and

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