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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 three divisions 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.^[1] 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. ^[2]

See also

• List of futures exchanges
• IMM dates

External links

• Chicago Mercantile Exchange website

Notes

1. ^ http://books.google.com/books?id=OKDbnWuspo4C&pg=PA167&lpg=PA167&dq=melamed+IMM&source=bl&ots=zpVCYKAJNx&sig=Z0h9o2bSC5iYXJXnTIT5EtMH_FQ&hl=en&ei=HnYfSqfZHsaMtgf144TNBg&sa=X&oi=book_result&ct=result&resnum=5
2. ^ http://www.cmegroup.com/company/membership/files/ProductListingByDivision.pdf