15 November Hong Kong Exchange to Launch Crypto Index.
The Index will provide investors with transparent and reliable benchmarks for Bitcoin pricing in the Asian time zone.
The company's HKEX CEO Bonnie Y Chan said it would "reinforce Hong Kong's role as an international financial center".
The index will be administered and calculated by CCData, a UK-registered benchmark administrator and virtual asset data and index provider.
The index series will include a reference index for $BTC and $ETH , as well as a reference rate for bitcoin and ether.
The reference index is a 24-hour volume weighted reference spot price of bitcoin or ether, using prices aggregated from top-rated virtual asset exchanges. It will be calculated in real-time and denominated in U.S. dollars.
The reference rate is designed for the settlement of financial products, calculated daily at 4:00 pm Hong Kong time.
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