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What does foreign exchange imm mean?
What does foreign exchange imm mean? Foreign exchange IMM (Intercontinental Exchange Market) is also called European money market. It is the predecessor of London International Financial Futures Exchange (LIFFE). IMM is mainly a futures exchange, mainly engaged in international exchange rate futures trading. Its variety types include USD against Euro, USD against Canadian Dollar, USD against Japanese Yen, etc. IMM is one of the major foreign exchange derivatives markets and one of the largest money markets in the world. Saturday of the third week of each month is the delivery date.

IMM's trading rules are very strict. The trading time is from 2 1:00 every Sunday evening to 2 1:00 next Friday afternoon, and the trading mode is electronic trading platform. The market involves the trading of foreign exchange futures contracts, also known as forward contracts, and its trading method is to buy and sell one currency in another. In the transaction, there is no need to exchange money in reality, but a clearing institution is used to complete the background clearing of the transaction. IMM trading can help investors get high returns under certain risk control.

Although foreign exchange IMM is one of the international money markets, it is difficult for ordinary investors to understand. For beginners, you can learn and understand the trading mechanism and rules of IMM with the help of some foreign exchange trading platforms. At the same time, for investors, it is also necessary to have certain basic knowledge of trading foreign exchange, abide by trading rules and strictly observe discipline.