International Monetary Market, a part of the Chicago Mercantile Exchange
An interest rate derived by calculating the difference between the spot and forward rates.
The price at which an option is worth exercising.
A currency which cannot be exchanged for other currencies
An indirect quote or indirect currency pair is one where the USD is the base currency of the pair and not the quote currency.
An economic indicator that measures market activity
Inflation is a monetary condition where prices for consumer goods rise, decreasing purchasing power.
The minimum portion of a new security purchase which an investor needs to pay for in cash, or the required initial deposit of cash or security, which acts as a guarantee on future performance.
The forex prices international banks quote to other international banks.
The potential for losses arising from changes in interest rates.
An agreement to exchange interest rate exposures from floating to fixed or vice versa. There is no swap of the principal. The principal amount is notional as at the end of the tenure only cash flows related with the interest payments (whether payment or receipt) are exchanged.
The amount charged to use money. All interest rates are influenced by the rates set by the Fed.
An international organization of 184 countries that oversees the global financial system.
Action by a central bank to effect the value of its currency by entering the market.
Limit set by an exchange or a bank's management on the size of each dealer's Intra Day Position.
A person or institution who has all the functions of a broker except to accept money or any type of investment.
Acronym for Institute of Supply Management