International Monetary Market

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The International Monetary Market (IMM), largely the creation of Leo Melamed, is part of the Chicago Mercantile Exchange (CME), the largest futures exchange in the United States and the second largest in the world after Eurex, 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.

IMM Dates are the four dates of each year which most credit default swaps use as their scheduled termination date. The dates are 20 March, 20 June, 20 September and 20 December.

[edit] See also

• List of futures exchanges

[edit] External links

• Chicago Mercantile Exchange website