Who are the Commercial Traders in the CFTC Commitment of Traders report?

[crgarcia]

Certainly there are no S&P producers or farmers, as in commodities.

 

[jeb9999]

Traders doing index arbitrage would be considered to be commercial traders

 

[dtrader98]

http://www.cftc.gov/marketreports/commitmentsoftraders/cot_about.html