Martin Shearman

Validity of CFTC COT Data for Trader Positioning in Oil Derivatives

1 min read

In this white paper, Onyx’s team explores the effectiveness of the CFTC COT Report in analysisng market positioning in the oil derivatives complex.

Analysis suggests that for an up to date, expansive interpretation of current trader positioning for the whole oil market, a more comprehensive dataset is required using supplemental third-party data.

We suggest integrating three datasets in combination with the CFTC COT Report: (1) ICE COT for European futures, (2) Managed Money breakdown into CTA positions using a 3rd party model (Bridgeton/INAS/Onyx), and (3) Onyx for OTC swaps.

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