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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,060 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,229
CFTC Interim Report on the May Crude contract trading negative is out. Full report can be downloaded from the link at the bottom of the press release. I haven't read it yet).
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,060 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,229
Interesting.
The most eye opening thing to me was that 31.1% of all May contracts traded on Apr 20 were TAS, and that over 11000 TAS traded at limit down (-10c) compared to just 164 contracts in the entire year of 2019!!!
Of secondary interest was the high concentration of Long positions held by non-reportable's and reportable-other.
Also surprised that there was no discussion of 'other contracts settling based upon the April 20th settlement price'. For example the eMini QM and more importantly the ICE financial WTI contract both financially settled that day.
As Berkovitz's complaint states, disappointing that they didn't delve deeper into the trade activities, but maybe that's still to come.
"A class action lawsuit was filed today on behalf of three investors against AMP Trading, AMP Global Clearing LLC and AMP Futures for the breakdown, of their trading platforms on April 20, 2020, leaving many traders trapped in positions causing substantial …
Basically, AMP has a new Class Action lawsuit against them because of what resulted after oil went negative, among other things.