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. Investopedia Says:
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. Related Terms:
Chicago Mercantile Exchange - CME
Consumer Price Index - CPI
Currency Futures
Futures
Futures Market
London Interbank Offer Rate - LIBOR
Option |