The total data provided by these statements usually accounts for 70%-90% of the total market positions. The determination of the reporting level is based on the following factors: the total position, the size of the position held by traders, the regulatory history and the delivery supply scale of the spot delivery market. CFTC regularly reviews this information to determine whether this reporting level provides an adequate position ratio. The latest update of CFTC reporting level was in June 2005.
In addition to the data of positions, the daily report also includes delivery notice and futures conversion (such as futures to spot, futures to swaps, etc.). As a possible assumption, the amount of information reported to CFTC has increased significantly with the development of futures industry in the past few years. At present, CFTC receives about 70,000 records of large investors in futures positions and165,000 records of large investors in options positions every day from about 220 reporting companies. A year ago, CFTC only received 60,000 futures records and145,000 option records every day.
CFTC uses various methods to ensure the accuracy of a large number of family data. The large account data of each reporting company should be checked with the total position information of clearing members provided by the exchange every day. Based on the analysis of any contradiction between the two sets of data, the reporting company or exchange can be investigated to eliminate any reporting problems. In addition, members of the market supervision team regularly conduct on-site audits of the reporting companies and compare the data obtained on the spot with the data provided by these companies to CFTC.