Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: FiveFour who wrote (24622)	1/13/2005 9:22:50 PM
From: ild	Read Replies (2) \| Respond to of 110194

<<<commercials include broker/dealers, hedge funds, etc. with reportable position at 25 contracts or more>>> Then who are the specs? (I thought that what you described were the specs).

To: FiveFour who wrote (24622)	1/14/2005 1:56:20 AM
From: Lee Lichterman III	Respond to of 110194

<<commercials include broker/dealers, hedge funds, etc. with reportable position at 25 contracts or more. >> Just in case you didn't know, they are changing the reporting positions January 20th. I reads like they are just changing "Large speculators" but it will bear watching to see how this shifts who is who and how the positions will equal out. Under the old report ( current report), you could add up the small specs, large specs and Commercials and everything evened out in regards to long - short = zero. I don't see how they can change just the large spec and still have it work out even unless they also changed the other sides of the trades and maybe I missed the announcement or verbage in this release. That link eventually says...... cftc.gov (1) Milk, Class III from 25 to 50 contracts; (2) Soybeans from 100 to 150 contracts; (3) Wheat from 100 to 150 contracts; (4) Corn from 150 to 250 contracts; (5) Sugar No. 11 from 400 to 500 contracts; (6) Cotton from 50 to 100 contracts; (7) Natural Gas from 175 to 200 contracts; (8) Crude Oil, Sweet--No. 2 Heating Oil Crack Spread from 25 to 250 contracts; (9) Crude Oil, Sweet--Unleaded Gasoline Crack Spread from 25 to 150 contracts; (10) Unleaded Gasoline--No. 2 Heating Oil Spread Swap from 25 to 150 contracts; (11) 1-Month LIBOR from 300 to 600 contracts; (12) 30-Day Fed Funds from 300 to 600 contracts; (13) 3-Month Eurodollar Time Deposit Rates from 1,000 to 3,000 contracts; (14) TRAKRS from 25,000 to 50,000 contracts; (15) E-Mini S&P 500 Stock Price Index from 300 to 1,000 contracts \5\; (16) 2-Year U.S. Treasury Notes from 500 to 1,000 contracts; (17) 5-Year U.S. Treasury Notes from 800 to 2,000 contracts; (18) 10-Year U.S. Treasury Notes from 1,000 to 2,000 contracts; and (19) 30-Year U.S. Treasury Bonds from 1,000 to 1,500 contracts. .......And later it states...... The general default reporting level for all positions, including positions in broad-based securities indexes, is currently 25 contracts. The Commission is adopting, as proposed, a new default reporting level of 200 contracts specifically for broad-based securities indexes. By adopting such a default reporting level, the following commodities will no longer be enumerated in Rule 15.03, and therefore, will be subject to the new default reporting level of 200 contracts: (1) S&P 400 Midcap Stock Index--currently 100 contracts; (2) Dow Jones Industrial Average Index--currently 100 contracts; (3) New York Stock Exchange Composite Index--currently 50 contracts; (4) Amex Major Market Index, Maxi--currently 100 contracts; (5) NASDAQ 100 Stock Index--currently 100 contracts; (6) Russell 2000 Stock Index--currently 100 contracts; (7) Value Line Average Index--currently 50 contracts; and (8) NIKKEI Stock Index--currently 100 contracts. Good Luck, Lee