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CURRENCY FUTURES MARKET. DEFINITION. Standard volume Particular currency Settlement date. HISTORY. IN 1919 CME was established to meet the needs of : Farmers and users of agricultural goods. IN 1972 CME established IMM division which allowed for futures in : securities gold
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DEFINITION • Standard volume • Particular currency • Settlement date
HISTORY • IN 1919 CME was established to meet the needs of : • Farmers and users of agricultural goods. • IN 1972 CME established IMM division which allowed for futures in : • securities • gold • foreign currencies.
1 2 3 4 5 6 7 1 2 3 4 5 6 7 DIFFERENCIATION B/WFutures Contracts & Forward Contract