Page 27 - Futures Money Machine-Study Session #5

Beyond The Basics

“TFF” Report: Traders in Financial Futures …

• The TFF report uses the same data that appears in the COT reports, but separates
large traders in the financial futures markets into the following four categories:
Dealer/Intermediary; Asset Manager/Institutional; Leveraged Funds; and Other
Reportables. The “dealer/intermediary” category comprises the sell-side participants
that earn commissions selling financial products, capturing bid/offer spreads and
otherwise accommodating clients. The remaining three categories represent buy-side
participants. These are generally clients of the sell-side participants who use the

markets to invest, hedge, manage risk, speculate or change the term structure or
duration of their assets.

• Like the COT reports, the TFF report provides a breakdown of each Tuesday's open
interest for markets in which 20 or more traders hold positions equal to or above the
reporting levels established by the CFTC. The report is published in futures-only and
futures-and-options-combined formats.