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On-exchange currency funds refer to currency funds that can be circulated in the secondary market. On-site currency funds not only inherit the profitability advantages of traditional currency funds as cash management tools, but are also very convenient to operate and do not delay the purchase and sale of stocks. They can satisfy investors' T+0 transactions of idle funds and open subscription and redemption during trading hours. Redemption funds are immediately available to purchase shares. Investors only need to operate in the exchange account, and there is no need to transfer funds in or out, and there is no need to go through any procedures, which does not affect the investment efficiency at all.