For instance, if technical analysis suggests a potential uptrend, a rise in net long positions by commercials in the trader’s COT report would strengthen this bullish outlook. After that, then next row of data shows the percentage of open interest for each type of trader. In this screenshot, the largest positions are held by the long swap dealers. This sample is from the December 12, 2006, COT report (short format), published in the traditional format, showing data for the Chicago Board of Trade’s (CBT) wheat futures contract.

Commitments of Traders (CoT) report

A high level of speculative activity could indicate increased volatility, making the market more susceptible to price swings. Open interest refers to the total number of outstanding contracts in the market that have not been settled or closed. It provides insight into the liquidity and the overall activity level of the market. A rising open interest suggests that new money is entering the market, while declining open interest could indicate that traders are closing their positions.

The Dealer/ Intermediary represents the “sell side” of the marketplace. The Dealers may not mainly sell futures, but they design and sell different financial assets to their customers. Their business activities/ products are highly connected to the futures they buy and sell. The Dealer/ Intermediary Classification includes large local and international banks and dealers in different derivates. COT reports are used by many speculative traders to help making decisions on whether to take a long or short position.

Historical Viewable

The COT Legacy Report is provided as a futures only report and a futures and options report. The Legacy Report classifies all traders in commercial, non-commercial https://www.sanlam.co.za/ traders and non-reportable traders. MarketBulls provides you the graphical and tabular real time and historical Commitments of Traders Legacy Report for each asset above. The short format shows reportable open interest and week-to-week open interest changes separately by reportable and non-reportable positions.

Traders in Financial Futures Report

The notice and evidence requirements for each Tier are explained below. We welcome your feedback https://www.investec.com/ on all our communications for the new digital service. You can complete our survey and help us improve the quality and relevance of future communications. You will not incur a late filing penalty, although interest will still accrue from 1 February 2025 on outstanding amounts of tax. An adjustment tool will be available alongside the updated 2024 to 2025 return to support a trustee or Personal representative to calculate the correct adjustment figure. At the Autumn Budget 2024, the government announced changes to the rates of Capital Gains Tax (CGT).

Legacy Commitments of Traders report

• Forex traders may use currency derivatives COT reports to find large net long or net short positions.
• This guide is perfect for traders who are new to the market or looking to expand their knowledge of market analysis.
• The traders may be engaged in managing and conducting proprietary futures trading and trading on behalf of speculative clients.
• This means from 1 February, new producers of alcoholic products can apply online for approval.
• Using the CFTC Public Reporting Environment will allow you to access these historical reports and select only the dates and contracts you are interested in reviewing.

For example, if non-commercial traders are heavily long in a market that is also showing an uptrend on technical charts, this confirms the bullish sentiment and can give traders more confidence in their long positions. The COT report provides valuable clues about the overall sentiment in the market. A dominant position by commercial traders typically suggests that they believe the market will move in a certain direction due to fundamental reasons, such as changes in supply and demand. The COT report categorizes traders into groups like commercials (hedgers) and non-commercials (speculators). One should not get hung up on individual categories and focus on net positions (long minus short positions) for each group. A large net long position by non-commercials suggests a bullish bias, while a large net short position might indicate a bearish outlook.

People can take part regardless of whether they currently use e-invoicing. UK businesses are, for the first time, being sasol ltd invited to have their say on the government’s electronic invoicing (e-invoicing) proposals. Over 11.5 million tax returns were submitted on time, with over 6.5 million of these by tax agents.

Futures

If the number of reported long positions fall significantly from a previous week’s COT Report, what is the likely explanation? Trader classifications are based on the information provided by the trader on their CFTC Form 40. Due to legal restraints (CEA Section 8 data and confidential business practices), the CFTC does not publish information on how individual traders are classified in the COT reports. Please note that if your clients use a parcel carrier, the carrier may complete the IMMI on their behalf as part of their service.

Market Data & Economic Analysis

The long version of a COT report, in addition to the information in the short report, groups the data by crop year, where appropriate, and shows the concentration of positions held by the largest four and eight traders. For example, traders are classified as non-commercial or commercial, and that holds for every position they have within that particular commodity. This means that an oil company with a small hedge and a much larger speculative trade on crude will have both positions show up in the commercial category. Simply put, even the disaggregated data is too aggregated to be said to accurately represent the market. The long report, in addition to the information in the short report, groups the data by crop year, where appropriate, and shows the concentration of positions held by the largest four and eight traders.

Practical Applications of the Commitment of Traders Report

The report is intended to help people understand the dynamics of the market. Commodity Futures Trading Commission, "each Tuesday’s open interest for futures and options on futures markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC." Clearing members, futures commission merchants, and foreign brokers (collectively called reporting firms) file daily reports with the Commission.