International Monetary Market (IMM) Date

The International Monetary Market (IMM) Date refers to the date on which certain financial instruments, such as currency futures and options, are traded on the IMM division of the Chicago Mercantile Exchange (CME). The IMM was established in 1972 as a way for market participants to hedge against fluctuations in currency exchange rates and interest rates.

The IMM Date is significant because it marks the expiration date for these financial instruments, after which they can no longer be traded. This date is important for traders and investors who hold positions in these instruments, as they need to either close out their positions or roll them over to a new expiration date.

The IMM Date typically occurs on the third Wednesday of the expiration month for the specific financial instrument. For example, if a currency futures contract expires in March, the IMM Date would be the third Wednesday in March.

Overall, the IMM Date is a key date for market participants trading currency futures and options, as it marks the end of the trading period for these instruments and requires action to be taken on existing positions.