Foreign Currency Futures A foreign currency futures contract is an alternative to a forward contract that calls for future delivery of a standard amount of foreign exchange at a fixed time,place and price. It is similar to futures contracts that exist for commodities such as cattle,lumber,interest- bearing deposits,gold,etc. In the US,the most important market for foreign currency futures is the International Monetary Market (IMM),a division of the Chicago Mercantile Exchange.Foreign Currency Futures A foreign currency futures contract is an alternative to a forward contract that calls for future delivery of a standard amount of foreign exchange at a fixed time, place and price. It is similar to futures contracts that exist for commodities such as cattle, lumber, interest- bearing deposits, gold, etc. In the US, the most important market for foreign currency futures is the International Monetary Market (IMM), a division of the Chicago Mercantile Exchange