What are non reportable positions CFTC?
A Non-reportable position, in line with the CFTC’s definition, is that of any trader whose position is smaller than the reporting level in every contract month (350 for Brent, 250 for gasoil, 100 for soft commodities).
What are CFTC position limits?
The federal spot month limit for NYMEX Light Sweet Crude Oil futures contract will use the following step-down limit: (1) 6,000 contracts at the close of trading three business days prior to the last trading day of the contract; (2) 5,000 contracts at the close of trading two business days prior to the last trading day …
What is CFTC net positions?
The Large Trader Net Position Changes and the Trading Account Net Position Changes data provides the public with a view of the amount of trading that results in net changes to positions at the trader level and at the account level. The CFTC is providing the data to the public on a one-time basis.
What does CFTC stand for?
Commodity Futures Trading Commission
Commodity Futures Trading Commission (CFTC): The Federal regulatory agency established by the Commodity Futures Trading Act of 1974 to administer the Commodity Exchange Act.
Who reports to CFTC?
Under the Commission’s LTRS, clearing members, FCMs, and foreign brokers (collectively called reporting firms) file daily reports with the Commission under Part 17 of the CFTC’s regulations.
What does cot mean in trading?
Commitments of Traders
Commitments of Traders (COT) Reports Descriptions. Introduction and Classification Methodology. The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics.
What is position limit?
A position limit is a preset level of ownership established by exchanges or regulators that limits the number of shares or derivative contracts that a trader, or any affiliated group of traders and investors, may own.
What is a hedge exemption?
Hedge Exemption: An exemption from speculative position limits for bona fide hedgers and certain other persons who meet the requirements of exchange and CFTC rules.
How do you read a CFTC report?
CFTC
- Go to www.CFTC.gov.
- Select Market Reports.
- Select Commitments of Traders.
- The next page will allow you to view the COT Reports with choices to filter the data by the following, as well as choose whether you would like to view the data in a long or short format:
What is CFTC regulations?
The Commodity Futures Trading Commission (CFTC) is an independent federal agency that regulates commodity futures and options markets in the United States.
What is the role of CFTC?
The CFTC ensures that agricultural futures, swaps, and options markets work effectively and fairly by: Encouraging markets’ competitiveness and efficiency. Protecting market participants against fraud, price manipulations and abusive trading practices. Ensuring the financial integrity of the clearing process.
What is CFTC report?
The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics. The COT reports are based on position data supplied by reporting firms (FCMs, clearing members, foreign brokers and exchanges).
What does CFTC mean by speculative net positions?
The Commodity Futures Trading Commission’s (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for “non-commercial” (speculative) traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets.
How does the COT Report work for CFTC?
Report Data The CFTC provides the Commitments of Traders data in both a long and short format. The short format displays open interest separately by reportable and non-reportable positions. For reportable positions, additional data is provided for commercial and non-commercial holdings.
What does the CFTC crude oil net positions mean?
Commodity Futures Trading Commission’s (CFTC) Crude Oil Non-Commercial Net Positions weekly report reflects the difference between the total volume of long and short crude oil positions existing in the market and opened by non-commercial (speculative) traders. The report only includes US futures markets (Chicago and New York Exchanges).
How are non-commercial traders classified by the CFTC?
The classification of non-commercial traders is based on information gathered from CFTC Form 40: Statement of Reporting Trader, but the CFTC ultimately decides how a trader is classified and may do so regardless of claims made by the trader on the CFTC Form 40. 1