WASHINGTON (Commodity Online): The U.S. Commodity Futures Trading Commission (CFTC) has divided traders into four categories and decided to issue detailed reports on positions of large traders from Friday, reported Dow Jones on Wednesday.

In the new reports traders would be categorized into four, one for producers, merchants, processors and users, another for swap dealers, and two others for managed money and “other reportable”, said the regulator.

Previously, the reports broke traders into “commercial” and “noncommercial” categories, broadly meant to describe commodity producers and consumers as well as companies making speculative bets on the direction of prices.



Meanwhile, critics of the report said the two categories were imprecise, as swap dealers, often large banks that trade with commodity users in off-exchange transactions, have little in common with a company producing or consuming physical commodities.

The content of the reports - the aggregate number of futures and options positions betting that prices will rise or fall - will remain the same. The new reports will cover 22 markets, including agricultural, energy and metals derivatives.

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