IMM Date
a.k.a. International Monetary Market date
The standard quarterly settlement dates for many futures and derivatives: the third Wednesday of March,…
In plain English
The standard quarterly settlement dates for many futures and derivatives: the third Wednesday of March, June, September and December.
IMM dates come from the International Monetary Market, the CME division where currency futures launched in 1972. Many currency futures and interest rate derivatives expire or settle on them.
Around these dates, traders roll positions into the next contract, which can create bursts of activity.
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