SO AFRICAN RAND COT Report, Traders in Financial Futures
Wednesday, October 28, 2026
Leveraged Funds net +4,888 contracts in SO AFRICAN RAND, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Traders in Financial Futures
Basis
Futures only
Market
SO AFRICAN RAND - CHICAGO MERCANTILE EXCHANGE
CFTC contract code
122741
Contract unit
Contracts Of Zar 500,000
Open interest, contracts
38,473
Change in open interest, contracts
+1,386
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
6,568
30,660
0
-24,092
17.1
79.7
-62.6
Asset Manager/Institutional
19,634
1,672
0
+17,962
51.0
4.3
46.7
Leveraged Funds
8,798
3,910
513
+4,888
22.9
10.2
12.7
Other Reportables
117
0
0
+117
0.3
0.0
0.3
Total reportable
35,630
36,755
-
-1,125
92.6
95.5
-2.9
Nonreportable
2,843
1,718
-
+1,125
7.4
4.5
2.9
Leveraged Funds: position against its own history
Weekly net, last 156 reports
Leveraged Funds net, contracts
+4,888
Week change
+340
4-week change
+1,143
13-week change
+2,234
Net as % of open interest
12.7%
Percentile, 1 year (52 weeks)
90
Percentile, 3 years (156 weeks)
77
Z-score, 52 weeks
0.96
COT Index, 3 years
79
52-week high of net
+7,651
52-week low of net
-2,737
Traders and concentration
Category
Traders long
Traders short
Dealer/Intermediary
4
5
Asset Manager/Institutional
12
4
Leveraged Funds
19
8
Other Reportables
-
0
Total reportable
38
17
Largest 4 traders, gross long
51.7%
Largest 4 traders, gross short
80.6%
Largest 8 traders, gross long
70.1%
Largest 8 traders, gross short
88.0%
Largest 4 traders, net long
51.7%
Largest 4 traders, net short
80.6%
Largest 8 traders, net long
70.1%
Largest 8 traders, net short
87.5%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
6,568
30,660
0
-24,092
17.1
79.7
-62.6
Asset Manager/Institutional
19,634
1,672
0
+17,962
51.0
4.3
46.7
Leveraged Funds
8,798
3,910
513
+4,888
22.9
10.2
12.7
Other Reportables
117
0
0
+117
0.3
0.0
0.3
Total reportable
35,630
36,755
-
-1,125
92.6
95.5
-2.9
Nonreportable
2,843
1,718
-
+1,125
7.4
4.5
2.9
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Recent reports, net by category
Report date
Open interest
Dealer/Intermediary
Asset Manager/Institutional
Leveraged Funds
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
38,473
-24,092
+17,962
+4,888
+117
-1,125
+1,125
Tue 13 Oct 2026
37,087
-23,290
+17,577
+4,548
-165
-1,330
+1,330
Tue 6 Oct 2026
36,413
-23,508
+17,884
+4,409
-165
-1,380
+1,380
Tue 29 Sep 2026
34,978
-27,330
+20,720
+4,654
-165
-2,121
+2,121
Tue 22 Sep 2026
37,849
-28,355
+22,833
+3,745
-165
-1,942
+1,942
Tue 15 Sep 2026
44,699
-27,838
+22,032
+3,542
-165
-2,429
+2,429
Tue 8 Sep 2026
46,838
-23,937
+20,233
+354
+857
-2,493
+2,493
Tue 1 Sep 2026
36,349
-22,265
+17,312
+2,016
+857
-2,080
+2,080
Tue 25 Aug 2026
35,719
-20,939
+16,327
+2,533
+797
-1,282
+1,282
Tue 18 Aug 2026
32,248
-16,755
+12,646
+1,681
+530
-1,898
+1,898
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Traders in Financial Futures report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.