Commitments of Traders (COTs)

RELATED WIKI ARTICLES

Related Articles

 
TOP CONTRIBUTORS

The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for market reports, in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. [1]

In the traditional COT report, traders are separated into three categories under two broad classifications: nonreportable and reportable. "Nonreportable" traders are small speculators whose positions fall short of CFTC reporting thresholds. "Reportable" traders hold positions large enough that they are required to report to the CFTC daily.

Reportable traders are further split into either "commercial" or "noncommercial" designations:

  • Commercials deal with a commodity in the cash market. They include producers, merchants, processors and users of commodities that manage their business risks by hedging with futures. Swap dealers are also included in the commercial category, since they use futures to hedge residual exposures from their derivatives activities. [2]
  • Noncommercial traders trade futures speculatively, and include professional money runners such as commodity pools, managed accounts and hedge funds. [2]

On September 4, 2009, the CFTC started publishing a new Disaggregated Commitments of Traders report, in which positions in 22 physical commodities are split into four categories: Producer/Merchant/Processor/User; Swap Dealers; Managed Money; and Other Reportables. [3]

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki