what is the international monetary market 
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 international monetary market explainedthe imm division of the cme includes such currencies as the u s dollar the british pound the euro and the canadian dollar along with currencies the imm trades the london interbank offer rate libor the 10 year japanese bond and the u s consumer price index cpi history of the international monetary market imm the chicago mercantile exchange was founded in 1898 its original name was the chicago butter and egg board although it changed its name in 1919 the cme was the first financial exchange to demutualize and become publicly traded in 2002 in 1961 the cme launched its first futures market for frozen pork bellies in 1969 it added financial futures and currency contracts the first interest rate bond and futures contracts commenced in 1972 according to its 2019 annual report the cme on average handles an average daily volume of 19 2 million contracts a slight decline from 2018 while some trading continues to take place in the traditional open outcry method 80 of trading is done electronically through its cme globex electronic trading platform in 2007 the cme merged with the chicago board of trade to create the cme group one of the largest financial exchanges in the world the cme acquired nymex holdings inc the parent of the new york mercantile exchange nymex and commodity exchange inc comex all in 2008 in 2010 the cme had expanded further purchasing a 90 interest in the dow jones stock and financial indexes in 2012 it continued on its growth spree cme with the purchase of the kansas city board of trade which was the dominant player in hard red winter wheat in 2017 the cme began trading in bitcoin futures additionally cme group operates cme clearing a leading central counter party clearing provider limitations of the international monetary marketwhile significant rewards are possible when trading financials futures the cme outlines specific risks related to this segment of its business including 