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Commitments of Traders (COT) Reports

What is COT?

Antecedents of the Commitments of Traders (COT) reports can be traced all the way back to 1924. The reports are prepared by the Commodity Futures Trading Commission (CFTC) and shows the positioning of futures market participants. The report's goal is to create transparency and fight market manipulation - also, it's an excellent trading tool.

How does it work?

Traders are grouped into three major categories: the Commercials, the Large Speculators and the Small Speculators (Non-reportable traders' group - usually individual traders). All COT reports show the amount of long and short contracts that each category holds.

The weekly reports are released each Friday at 3:30 p.m. Eastern time and shows all long and short positions held by different trader groups on the preceding Tuesday (after close).

Our reports include each groups’ options positions as well (options positions are converted to futures contract equivalent positions by delta correction).

It can be very useful to check these data before entering trades as you can see how the big market players position themselves. Many traders use this tool to find sizeable imbalances in trader's positioning and make their trading decisions accordingly.