International Monetary Market (IMM)

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Definition of 'International Monetary Market (IMM)'

The International Monetary Market (IMM) is a global financial derivatives exchange owned by CME Group. It was founded in 1972 as a division of the Chicago Mercantile Exchange (CME). The IMM is the world's largest futures and options market for currencies, interest rates, and metals.

The IMM offers a wide variety of financial products, including futures contracts on major currencies, interest rates, and metals. It also offers options on futures contracts. The IMM is a popular trading venue for both institutional and retail investors.

The IMM is located in Chicago, Illinois. It is open for trading from Sunday evening through Friday afternoon. The IMM is a self-regulated organization. It is overseen by the Commodity Futures Trading Commission (CFTC).

The IMM plays an important role in the global financial system. It provides a liquid and efficient market for trading financial derivatives. The IMM also helps to manage risk and price volatility.

The IMM is a major contributor to the Chicago economy. It employs over 1,000 people and generates billions of dollars in revenue for the city. The IMM is also a major tourist attraction.

The IMM is a global leader in financial derivatives trading. It is a major contributor to the Chicago economy and a popular trading venue for both institutional and retail investors.

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