International Monetary Market


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International Monetary Market (IMM)

A division of the CME established in 1972 for trading financial futures. Related: Chicago Mercantile Exchange (CME)

International Monetary Market

A division of the Merc that trades currencies, interest-rate options, and interest rate futures. Established in its current form in 1972 when its predecessor merged with the Merc, it also trades in eurodollar and LIBOR-based securities. It is the second largest futures exchange in the world and the largest in the United States.
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In addition, International Monetary Market data indicated a reduction in net long euro positions over the quarter.
Melamed is recognized as the founder of financial futures and introduced the International Monetary Market in 1972.
Short-term speculators on the International Monetary Market only slightly trimmed their net long Australian dollar positions, but slashed their net long euro positions and nearly trebled their net long yen positions, data up to Sept 1 showed.
Short-term traders on the International Monetary Market only slightly trimmed their net long Australian dollar positions, but slashed their net long euro positions and nearly trebled their net long yen positions, data up to September 1 showed.
Abu al-Naga will also follow up on the developments in the local and international monetary markets, approve the products offered by banks operating in the local market, and contribute to the implementation of the economic reform programme.
In the international monetary markets, the green-back posted highest rise vis a vis the yen since seven years ago; buoyed by fresh US reports indicating that up to 230,000 new jobs are available in the United States of America, while unemployment has stabilized at 5.8 percent.
Roy Bichan says there is no way that the area can escape the impact of the turmoil in international monetary markets.
An examination of international monetary markets and of the efforts to establish international monetary system is found in Part Four.

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