How is IMM Date calculated?
IMM Date means the third Wednesday of March, June, September and December, a traditional settlement date in the International Money Market. The total return is the sum of the changes in market value over time, whether positive or negative, of the underlying DX Contracts plus the return of 3-month U.S.
What are IMM roll dates?
IMM Date. IMM dates refer to when quarterly Eurodollar, FX, and MAC Swap futures contracts at CME Group expire. These contracts stop trading the Monday preceding the third Wednesday of a March quarterly cycle. This means the third Wednesday of March, June, September, and December.
What does IMM mean in FX?
International Money Market
IMM. in Forex Trading. The “International Money Market”, a division of the Chicago Mercantile Exchange (CME) that deals primarily in currency and interest rate futures.
What is IMM finance?
The International Money Market or IMM is a division of the Chicago Mercantile Exchange (CME) that deals with the trading of currency and interest rate futures and options. Trading on the IMM started in May 1972, when the CME and the IMM merged.
What is an interest rate futures contract?
An interest rate future is a futures contract with an underlying instrument that pays interest. The contract is an agreement between the buyer and seller for the future delivery of any interest-bearing asset.
What is CDS roll?
The term “roll” refers to movement from one single-name CDS contract to another to maintain the position under the contract, similar to how credit indexes work. It is intended that the recommendation will: Improve liquidity in the single-name CDS market around the time of the new semi-annual roll dates.
What are equity index futures?
Stock index futures, also referred to as equity index futures or just index futures, are futures contracts. based on a stock index. Futures contracts are an agreement to buy or sell the value of the underlying asset. They are typically traded in the same financial markets and subject to the same rules and regulations.
What are CDS rolls?
The term “roll” refers to movement from one single-name CDS contract to another to maintain the position under the contract, similar to how credit indexes work.
What is IMK?
Overall, the abbreviation IMK most frequently stands for “in my knowledge.” This trending slang term is often used in SMS text messaging and on social media when prefacing a statement that may or may not be true.
What is the foreign exchange market aka Forex FX or FRX?
The foreign exchange market (also known as forex, FX, or the currencies market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world.