Suppose an investor decided to buy 3 June IMM DM Futures contracts.
Note: IMM is the International Monetary Market of the Chicago Mercantile Exchange.
Counting in "contracts" (3 contracts) is a short way of expressing "the standard contract size", which is DM 125,000 in this case.
- An IMM DM Futures contract is quoted in cents per DM.
- The standard contract size is DM 125,000.
- It is traded for delivery in March, June, September and December.