MFA urged the CFTC to retain its current weekly schedule for publishing Commitments of Traders (COT) reports.
MFA explains that:
- Twice-weekly reporting could expose confidential positions and proprietary trading strategies.
- More frequent reports could encourage copycat or anticipatory trading and harm market liquidity and price discovery.
- A faster schedule could reduce the time available to validate data and correct errors.
- The CFTC has not demonstrated that the benefits of twice-weekly publication would outweigh these risks.
- The CFTC should strengthen confidentiality safeguards and conduct a formal market-impact review before changing the schedule.
