International Monetary Market - IMM

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DEFINITION of 'International Monetary Market - IMM'

A division of the Chicago Mercantile Exchange (CME) that deals with the trading of currency and interest rate futures and options. Trading on the IMM started in May 1972 when the CME and the IMM merged.

BREAKING DOWN 'International Monetary Market - IMM'

The IMM division of the CME includes such currencies as the U.S. dollar, British pound, the euro and the Canadian dollar. Along with currencies the IMM trades the London Interbank Offer Rate, the 10-year Japanese bond and the U.S. Consumer Price Index.

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RELATED FAQS
  1. What is the difference between options and futures?

    The main fundamental difference between options and futures lies in the obligations they put on their buyers and sellers. ... Read Full Answer >>
  2. How do futures contracts roll over?

    Traders roll over futures contracts to switch from the front month contract that is close to expiration to another contract ... Read Full Answer >>
  3. How does a forward contract differ from a call option?

    Forward contracts and call options are different financial instruments that allow two parties to purchase or sell assets ... Read Full Answer >>
  4. Why do companies enter into futures contracts?

    Different types of companies may enter into futures contracts for different purposes. The most common reason is to hedge ... Read Full Answer >>
  5. What does a futures contract cost?

    The value of a futures contract is derived from the cash value of the underlying asset. While a futures contract may have ... Read Full Answer >>
  6. Why are the term structure of interest rates indicative of future interest rates?

    The term structure of interest rates is influenced by the expectations for future yields and interest rate risk according ... Read Full Answer >>

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