International Monetary Market (IMM)
A division of the Chicago Mercantile exchange and the first centralized exchange established for the purpose of trading futures contracts on international currencies. Founded in 1972, the IMM pioneered trading in currency futures and options, allowing smaller traders the possibility of speculating in the forex market.
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exchange seat
contract broker
consolidated tape
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debenture bond
principal exchange rate linked securities (PERLS)
multiple exchange rate
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