The International Monetary Market (IMM), a spin-off from the old Chicago Mercantile Exchange and largely the creation of Leo Melamed, is today one of four divisions of the Chicago Mercantile Exchange (CME), the largest futures exchange in the United States, for the trading of futures contracts and options on futures. The IMM was started on May 16, 1972. Two of the more prevalent contracts traded are currency futures and interest rate futures, specifically, 3-month Eurodollar time deposits and 90-day U.S. Treasury bills. The other two CME divisions includes the Index and Option Market (IOM) and Growth and Emerging Markets (GEM). All products fall under one of these three divisions.
See also
Free Trade, Flaws of a Market Economy, International Monetary Fund: Joseph Sitglitz (2006) - The first major protest in Seattle, Washington against the World Trade Organization (WTO) and its role in promoting economic globalization came as a surprise to many, considering the positive...
- List of futures exchanges
- IMM dates
Notes
External links
- Chicago Mercantile Exchange website