Originally posted by NY Madman:
I disagree that 70% of crude trading is done by the commercials. By that I mean the oil companies themselves. They do some, but the money they have to engage in such activity is a tiny fraction of what is being traded.
There is a lot of trading going on that is outside of the reach of any traditional American regulatory agencies. A lot of that trading is anonymous and all this activity should be illegal.
Last
CFTC COT Report reported commercials roughly 63% of the open interest (open positions, not day trades) Non commercial OI was roughly 15%. The rest was non reportable positions.
True. The ICE does not report to the CFTC like the NYMEX does
YET ....
CFTC reviewing recent market swings
Previous Topic
Index
