Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PALLADIUM - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 100 TROY OUNCES) : CFTC Code #075651 Open Interest is 20,260 : : Positions : : 617 3,571 4,891 3,502 709 6,539 7,461 1,319 2,619 1,915 715 : : : : Changes from: November 18, 2025 : : -115 -521 -6 203 -296 -403 -564 -1,536 24 209 -1,480 : : : : Percent of Open Interest Represented by Each Category of Trader : : 3.0 17.6 24.1 17.3 3.5 32.3 36.8 6.5 12.9 9.4 3.5 : : : : Number of Traders in Each Category Total Traders: 162 : : 5 15 12 13 12 40 24 20 33 22 11 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PLATINUM - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 50 TROY OUNCES) : CFTC Code #076651 Open Interest is 93,435 : : Positions : : 4,416 17,160 10,914 20,862 4,007 33,483 22,110 9,940 13,550 9,164 6,674 : : : : Changes from: November 18, 2025 : : 431 -714 269 404 -471 -681 1,358 343 314 -950 -570 : : : : Percent of Open Interest Represented by Each Category of Trader : : 4.7 18.4 11.7 22.3 4.3 35.8 23.7 10.6 14.5 9.8 7.1 : : : : Number of Traders in Each Category Total Traders: 260 : : 16 20 11 24 15 59 26 27 83 24 25 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- SILVER - COMMODITY EXCHANGE INC. (CONTRACTS OF 5,000 TROY OUNCES) : CFTC Code #084691 Open Interest is 186,438 : : Positions : : 6,631 30,774 28,419 56,668 20,935 32,649 12,522 15,912 17,515 6,756 30,223 : : : : Changes from: November 18, 2025 : : -3,616 -3,021 663 -58 -4,332 -518 288 -4,549 -712 -9 -14,479 : : : : Percent of Open Interest Represented by Each Category of Trader : : 3.6 16.5 15.2 30.4 11.2 17.5 6.7 8.5 9.4 3.6 16.2 : : : : Number of Traders in Each Category Total Traders: 216 : : 17 24 12 23 21 57 17 35 53 23 42 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- GOLD - COMMODITY EXCHANGE INC. (CONTRACTS OF 100 TROY OUNCES) : CFTC Code #088691 Open Interest is 669,455 : : Positions : : 21,859 67,668 38,271 222,105 81,972 135,364 27,388 49,252 103,952 20,333 177,532 : : : : Changes from: November 18, 2025 : : -13,194 -16,175 -3,714 12,216 -44,975 9,018 -2,273 -12,241 -4,090 -3,896 -105,264 : : : : Percent of Open Interest Represented by Each Category of Trader : : 3.3 10.1 5.7 33.2 12.2 20.2 4.1 7.4 15.5 3.0 26.5 : : : : Number of Traders in Each Category Total Traders: 327 : : 15 18 15 26 32 99 17 61 107 37 68 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MICRO GOLD - COMMODITY EXCHANGE INC. (CONTRACTS OF 10 TROY OUNCES) : CFTC Code #088695 Open Interest is 44,745 : : Positions : : 0 0 2,134 0 199 454 0 0 5,238 20,317 4,907 : : : : Changes from: November 18, 2025 : : 0 0 105 0 199 5 0 0 -20,889 -46,924 1,134 : : : : Percent of Open Interest Represented by Each Category of Trader : : 0.0 0.0 4.8 0.0 0.4 1.0 0.0 0.0 11.7 45.4 11.0 : : : : Number of Traders in Each Category Total Traders: 31 : : 0 0 . 0 . . 0 0 9 16 10 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- COPPER- #1 - COMMODITY EXCHANGE INC. (CONTRACTS OF 25,000 POUNDS) : CFTC Code #085692 Open Interest is 251,135 : : Positions : : 24,335 96,919 40,537 21,801 9,677 71,122 12,625 26,939 19,518 34,920 37,914 : : : : Changes from: November 18, 2025 : : -1,326 -8,567 -1,256 -1,437 -14,108 -2,808 1,535 -8,552 -1,155 728 -11,914 : : : : Percent of Open Interest Represented by Each Category of Trader : : 9.7 38.6 16.1 8.7 3.9 28.3 5.0 10.7 7.8 13.9 15.1 : : : : Number of Traders in Each Category Total Traders: 278 : : 27 35 20 12 18 86 19 55 56 32 54 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- COBALT - COMMODITY EXCHANGE INC. 2,204.62 pounds (1 Metric Ton) : CFTC Code #188691 Open Interest is 15,541 : : Positions : : 2,175 4,031 5,265 1,505 268 1,529 2,826 3,162 1,521 1,925 990 : : : : Changes from: November 18, 2025 : : 42 366 35 15 -15 4 -15 85 168 -161 117 : : : : Percent of Open Interest Represented by Each Category of Trader : : 14.0 25.9 33.9 9.7 1.7 9.8 18.2 20.3 9.8 12.4 6.4 : : : : Number of Traders in Each Category Total Traders: 40 : : 7 11 6 . 6 4 4 7 6 7 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- LITHIUM HYDROXIDE - COMMODITY EXCHANGE INC. (1000) Kilograms : CFTC Code #189691 Open Interest is 28,049 : : Positions : : 804 9,142 19,233 667 71 3,034 240 1,103 1,885 14,578 1,630 : : : : Changes from: November 18, 2025 : : 0 -20 120 0 -10 -147 -238 -27 -8 167 210 : : : : Percent of Open Interest Represented by Each Category of Trader : : 2.9 32.6 68.6 2.4 0.3 10.8 0.9 3.9 6.7 52.0 5.8 : : : : Number of Traders in Each Category Total Traders: 45 : : 4 6 8 . 4 7 . . 7 14 9 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ALUMINUM - COMMODITY EXCHANGE INC. (25 Metric Tons) : CFTC Code #191691 Open Interest is 1,534 : : Positions : : 157 278 0 70 0 300 373 0 153 186 364 : : : : Changes from: November 18, 2025 : : -5 -10 0 0 0 1 51 0 -86 3 27 : : : : Percent of Open Interest Represented by Each Category of Trader : : 10.2 18.1 0.0 4.6 0.0 19.6 24.3 0.0 10.0 12.1 23.7 : : : : Number of Traders in Each Category Total Traders: 25 : : . . 0 . 0 . 4 0 6 6 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ALUMINUM MWP - COMMODITY EXCHANGE INC. (55,116 US Pounds-25 MT) : CFTC Code #191693 Open Interest is 28,211 : : Positions : : 10,950 16,131 13,096 5,346 377 132 375 409 2,517 4,386 653 : : : : Changes from: November 18, 2025 : : 102 127 197 109 6 33 0 65 188 200 -80 : : : : Percent of Open Interest Represented by Each Category of Trader : : 38.8 57.2 46.4 19.0 1.3 0.5 1.3 1.4 8.9 15.5 2.3 : : : : Number of Traders in Each Category Total Traders: 54 : : 16 16 8 6 7 . . . 5 10 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- ALUMINIUM EURO PREM DUTY-PAID - COMMODITY EXCHANGE INC. (25 METRIC TONS) : CFTC Code #191696 Open Interest is 29,823 : : Positions : : 11,929 21,120 13,722 1,863 416 780 0 0 2,760 6,404 0 : : : : Changes from: November 18, 2025 : : -185 135 476 -335 100 -255 0 0 60 220 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 40.0 70.8 46.0 6.2 1.4 2.6 0.0 0.0 9.3 21.5 0.0 : : : : Number of Traders in Each Category Total Traders: 31 : : 9 11 8 . . . 0 0 4 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- STEEL-HRC - COMMODITY EXCHANGE INC. (CONTRACTS OF 20 SHORT TONS) : CFTC Code #192651 Open Interest is 34,135 : : Positions : : 10,493 27,254 9,751 0 932 8,338 1,634 1,092 1,873 1,760 1,020 : : : : Changes from: November 18, 2025 : : 737 945 195 0 6 392 -169 163 132 688 -5 : : : : Percent of Open Interest Represented by Each Category of Trader : : 30.7 79.8 28.6 0.0 2.7 24.4 4.8 3.2 5.5 5.2 3.0 : : : : Number of Traders in Each Category Total Traders: 68 : : 19 19 7 0 4 13 6 5 8 9 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NORTH EURO HOT-ROLL COIL STEEL - COMMODITY EXCHANGE INC. (20 Metric Tons) : CFTC Code #192691 Open Interest is 12,147 : : Positions : : 3,225 8,241 1,321 1,090 600 5,852 50 20 594 1,610 398 : : : : Changes from: November 18, 2025 : : 164 439 0 125 0 632 -25 0 -214 48 -78 : : : : Percent of Open Interest Represented by Each Category of Trader : : 26.5 67.8 10.9 9.0 4.9 48.2 0.4 0.2 4.9 13.3 3.3 : : : : Number of Traders in Each Category Total Traders: 26 : : 7 9 . . . . . . 4 . 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- LUMBER - CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 27,500 BOARD FEET) : CFTC Code #058644 Open Interest is 9,829 : : Positions : : 6,859 1,957 502 608 3 135 5,267 68 1,057 749 253 : : : : Changes from: November 18, 2025 : : 606 140 11 10 1 0 428 18 9 53 -6 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.8 19.9 5.1 6.2 0.0 1.4 53.6 0.7 10.8 7.6 2.6 : : : : Number of Traders in Each Category Total Traders: 84 : : 28 16 . . . . 24 . 9 12 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PGP PROPYLENE (PCW) CAL - NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 100,000 POUNDS) : CFTC Code #406651 Open Interest is 10,458 : : Positions : : 846 3,064 3,991 0 170 934 0 0 3,022 5,744 1,390 : : : : Changes from: November 18, 2025 : : 186 136 280 0 20 30 0 0 100 420 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 8.1 29.3 38.2 0.0 1.6 8.9 0.0 0.0 28.9 54.9 13.3 : : : : Number of Traders in Each Category Total Traders: 22 : : 7 8 . 0 . . 0 0 5 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NJ SRECS - ICE FUTURES ENERGY DIV (10 SRECs) : CFTC Code #0063CC Open Interest is 109,178 : : Positions : : 51,812 41,662 6,810 2,300 0 31,400 0 0 13,401 59,461 5,755 : : : : Changes from: November 18, 2025 : : 2,480 3,825 0 0 0 500 0 0 400 -445 120 : : : : Percent of Open Interest Represented by Each Category of Trader : : 47.5 38.2 6.2 2.1 0.0 28.8 0.0 0.0 12.3 54.5 5.3 : : : : Number of Traders in Each Category Total Traders: 34 : : 12 8 . . 0 . 0 0 4 9 7 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PJM TRI-RECs CLASS 1 - ICE FUTURES ENERGY DIV (100 MWh of renewable energy certificates) : CFTC Code #0063CH Open Interest is 236,295 : : Positions : : 160,115 149,173 11,040 6,750 0 24,751 3,772 2,978 23,814 60,036 13,586 : : : : Changes from: November 18, 2025 : : 286 340 0 0 0 250 50 0 -210 -64 85 : : : : Percent of Open Interest Represented by Each Category of Trader : : 67.8 63.1 4.7 2.9 0.0 10.5 1.6 1.3 10.1 25.4 5.7 : : : : Number of Traders in Each Category Total Traders: 49 : : 16 15 . . 0 . . . 13 4 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CALIF LOW CARBON FSC-OPIS - ICE FUTURES ENERGY DIV (100 LCFS Credits- each of 1 MT) : CFTC Code #0063CU Open Interest is 135,456 : : Positions : : 8,754 99,163 22,432 6,441 1,382 78,354 120 15,147 2,416 6,235 6,967 : : : : Changes from: November 18, 2025 : : 356 1,274 2,222 0 55 -1,251 30 241 41 34 -54 : : : : Percent of Open Interest Represented by Each Category of Trader : : 6.5 73.2 16.6 4.8 1.0 57.8 0.1 11.2 1.8 4.6 5.1 : : : : Number of Traders in Each Category Total Traders: 61 : : 12 15 7 . . 14 . 7 14 5 9 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- D6 RINs OPIS CURRENT YEAR - ICE FUTURES ENERGY DIV (50,000 RINs) : CFTC Code #0063CW Open Interest is 16,202 : : Positions : : 4,105 7,828 1,004 1,293 0 2,460 847 240 5,624 3,290 2,586 : : : : Changes from: November 18, 2025 : : 812 -42 1 20 -25 -37 9 8 -228 505 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 25.3 48.3 6.2 8.0 0.0 15.2 5.2 1.5 34.7 20.3 16.0 : : : : Number of Traders in Each Category Total Traders: 58 : : 12 11 . 4 0 6 4 . 7 19 11 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PA SOLAR ALTER ENERGY CREDIT - ICE FUTURES ENERGY DIV (10 PA SRECs) : CFTC Code #0063DA Open Interest is 19,700 : : Positions : : 13,660 16,725 1,690 0 0 2,370 0 0 1,980 2,975 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 69.3 84.9 8.6 0.0 0.0 12.0 0.0 0.0 10.1 15.1 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 9 5 . 0 0 . 0 0 . 5 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CALIF CARBON CURRENT AUCTION - ICE FUTURES ENERGY DIV (1,000 California carbon allowances) : CFTC Code #0063DB Open Interest is 61,292 : : Positions : : 25,140 2,753 23,760 3,800 0 1,000 10,538 2,105 6,730 39,557 2,529 : : : : Changes from: November 18, 2025 : : -920 125 500 150 0 0 -15 575 45 -625 450 : : : : Percent of Open Interest Represented by Each Category of Trader : : 41.0 4.5 38.8 6.2 0.0 1.6 17.2 3.4 11.0 64.5 4.1 : : : : Number of Traders in Each Category Total Traders: 39 : : 9 7 . . 0 . 4 . 7 10 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- D4 BIODIESEL RINs OPIS CURR YR - ICE FUTURES ENERGY DIV (50,000 RINs) : CFTC Code #0063DG Open Interest is 14,931 : : Positions : : 2,888 5,358 1,326 1,008 120 6,752 0 679 2,846 7,482 190 : : : : Changes from: November 18, 2025 : : 454 59 130 90 100 281 -3 210 -102 617 -326 : : : : Percent of Open Interest Represented by Each Category of Trader : : 19.3 35.9 8.9 6.8 0.8 45.2 0.0 4.5 19.1 50.1 1.3 : : : : Number of Traders in Each Category Total Traders: 62 : : 7 10 5 . . 14 0 . 17 11 5 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CT RECs CLASS 1 - ICE FUTURES ENERGY DIV (100 MWh of Class 1 Renewable Energy Certificates) : CFTC Code #0063DK Open Interest is 9,690 : : Positions : : 4,920 7,315 1,070 750 0 0 100 0 3,700 1,525 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 50.8 75.5 11.0 7.7 0.0 0.0 1.0 0.0 38.2 15.7 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 6 10 . . 0 0 . 0 . 4 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MASS COMPLIANCE RECs CLASS 1 - ICE FUTURES ENERGY DIV 100 MWh of Class 1 Renewable Energy Certifi : CFTC Code #0063DL Open Interest is 17,558 : : Positions : : 16,250 11,458 558 0 0 0 0 0 150 5,450 600 : : : : Changes from: November 18, 2025 : : 25 25 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 92.6 65.3 3.2 0.0 0.0 0.0 0.0 0.0 0.9 31.0 3.4 : : : : Number of Traders in Each Category Total Traders: 25 : : 8 11 . 0 0 0 0 0 . 6 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- MARYLAND COMPLIANCE REC TIER1 - ICE FUTURES ENERGY DIV (100 Tier 1 RECs) : CFTC Code #0063DM Open Interest is 13,363 : : Positions : : 11,139 9,483 324 0 0 600 0 0 1,300 3,880 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 83.4 71.0 2.4 0.0 0.0 4.5 0.0 0.0 9.7 29.0 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 7 8 . 0 0 . 0 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NEPOOL DUAL RECs CLASS 1 - ICE FUTURES ENERGY DIV 100 MWh of Class 1 Renewable Energy Certificate : CFTC Code #0063DQ Open Interest is 14,110 : : Positions : : 10,625 6,409 1,680 0 0 0 0 0 1,750 7,646 55 : : : : Changes from: November 18, 2025 : : 500 500 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.3 45.4 11.9 0.0 0.0 0.0 0.0 0.0 12.4 54.2 0.4 : : : : Number of Traders in Each Category Total Traders: 21 : : 9 8 . 0 0 0 0 0 . . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PA COMPLIANCE AECs TIER1 - ICE FUTURES ENERGY DIV (100 AECs) : CFTC Code #0063DT Open Interest is 56,487 : : Positions : : 33,071 33,866 1,591 6,470 120 5,280 0 0 14,330 13,936 2,095 : : : : Changes from: November 18, 2025 : : -200 -175 0 0 0 0 0 0 0 -25 25 : : : : Percent of Open Interest Represented by Each Category of Trader : : 58.5 60.0 2.8 11.5 0.2 9.3 0.0 0.0 25.4 24.7 3.7 : : : : Number of Traders in Each Category Total Traders: 41 : : 14 8 . . . . 0 0 12 5 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CALIF CARBON ALL VINTAGE 2025 - ICE FUTURES ENERGY DIV (1,000 California carbon allowances) : CFTC Code #0063E5 Open Interest is 158,351 : : Positions : : 33,779 42,760 7,284 37,471 2,937 50,798 7,837 13,231 26,756 30,639 23,405 : : : : Changes from: November 18, 2025 : : 5,025 -3,523 166 -2,805 -1,299 -9,800 51 -3,050 -2,672 -1,033 -3,660 : : : : Percent of Open Interest Represented by Each Category of Trader : : 21.3 27.0 4.6 23.7 1.9 32.1 4.9 8.4 16.9 19.3 14.8 : : : : Number of Traders in Each Category Total Traders: 139 : : 27 31 4 10 5 32 6 20 29 22 28 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CALIF CARBON ALL VINTAGE 2026 - ICE FUTURES ENERGY DIV 1,000 California carbon allowances : CFTC Code #0063EE Open Interest is 136,646 : : Positions : : 22,565 20,647 2,832 59,895 1,933 58,986 8,767 8,592 27,781 23,358 13,435 : : : : Changes from: November 18, 2025 : : -654 8,110 -34 3,678 379 6,978 -2,385 1,407 2,978 311 737 : : : : Percent of Open Interest Represented by Each Category of Trader : : 16.5 15.1 2.1 43.8 1.4 43.2 6.4 6.3 20.3 17.1 9.8 : : : : Number of Traders in Each Category Total Traders: 111 : : 14 11 . 9 4 31 12 8 28 12 18 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- RGGI V2025 - ICE FUTURES ENERGY DIV (1,000 RGGI CO2 Allowances) : CFTC Code #0063EG Open Interest is 45,408 : : Positions : : 15,105 13,582 16,797 4,532 2,690 3,211 7,158 2,184 1,387 11,111 3,978 : : : : Changes from: November 18, 2025 : : -715 -1,676 -1,217 -9 171 -399 937 -107 -159 -1,802 212 : : : : Percent of Open Interest Represented by Each Category of Trader : : 33.3 29.9 37.0 10.0 5.9 7.1 15.8 4.8 3.1 24.5 8.8 : : : : Number of Traders in Each Category Total Traders: 61 : : 11 14 6 4 4 4 8 5 7 15 9 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- RGGI V2026 - ICE FUTURES ENERGY DIV 1,000 RGGI CO2 Allowances : CFTC Code #0063EM Open Interest is 45,552 : : Positions : : 13,853 27,412 10,206 2,001 1,050 2,889 5,334 3,911 9,655 2,389 3,450 : : : : Changes from: November 18, 2025 : : 1,364 2,165 1,365 439 1,030 1,242 1,289 76 -142 451 600 : : : : Percent of Open Interest Represented by Each Category of Trader : : 30.4 60.2 22.4 4.4 2.3 6.3 11.7 8.6 21.2 5.2 7.6 : : : : Number of Traders in Each Category Total Traders: 40 : : 8 5 4 4 . 6 6 . 4 7 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- WASHINGTON CARBON ALL V2025 - ICE FUTURES ENERGY DIV (1,000 Washington carbon allowances) : CFTC Code #0063EN Open Interest is 3,441 : : Positions : : 969 1,399 1,119 663 75 123 770 54 1,075 433 0 : : : : Changes from: November 18, 2025 : : 2 -9 0 11 0 0 -33 0 4 28 -4 : : : : Percent of Open Interest Represented by Each Category of Trader : : 28.2 40.7 32.5 19.3 2.2 3.6 22.4 1.6 31.2 12.6 0.0 : : : : Number of Traders in Each Category Total Traders: 23 : : 4 5 . . . . . . . 4 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX GREEN-E REC V25 BACK HALF - NODAL EXCHANGE 1000 Texas Green-e RECs : CFTC Code #006NG4 Open Interest is 8,231 : : Positions : : 5,619 2,253 0 755 0 0 0 0 1,832 4,472 82 : : : : Changes from: November 18, 2025 : : 0 -34 0 0 0 0 0 0 -17 17 -17 : : : : Percent of Open Interest Represented by Each Category of Trader : : 68.3 27.4 0.0 9.2 0.0 0.0 0.0 0.0 22.3 54.3 1.0 : : : : Number of Traders in Each Category Total Traders: 32 : : 11 7 0 . 0 0 0 0 5 8 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- RGGI V2025 - NODAL EXCHANGE 1,000 RGGI CO2 Allowances : CFTC Code #006NGL Open Interest is 17,305 : : Positions : : 14,615 4,055 0 10,056 1,453 0 239 0 400 679 98 : : : : Changes from: November 18, 2025 : : -84 71 0 -140 114 0 0 0 0 -24 -15 : : : : Percent of Open Interest Represented by Each Category of Trader : : 84.5 23.4 0.0 58.1 8.4 0.0 1.4 0.0 2.3 3.9 0.6 : : : : Number of Traders in Each Category Total Traders: 23 : : 4 7 0 5 . 0 . 0 . 5 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- CALIF CARBON ALLOWANCE V2025 - NODAL EXCHANGE (1,000 California carbon allowances) : CFTC Code #006NGR Open Interest is 12,919 : : Positions : : 3,539 2,141 0 1,985 254 85 1,939 697 4,849 2,404 3,156 : : : : Changes from: November 18, 2025 : : -258 -329 -3 53 56 -5 154 8 52 -109 -313 : : : : Percent of Open Interest Represented by Each Category of Trader : : 27.4 16.6 0.0 15.4 2.0 0.7 15.0 5.4 37.5 18.6 24.4 : : : : Number of Traders in Each Category Total Traders: 30 : : 7 8 0 5 . . . . . 11 8 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V26 BACK HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NHT Open Interest is 9,418 : : Positions : : 8,253 2,776 325 385 0 0 0 0 318 5,730 308 : : : : Changes from: November 18, 2025 : : 100 -2 0 0 0 0 0 0 -43 70 -2 : : : : Percent of Open Interest Represented by Each Category of Trader : : 87.6 29.5 3.5 4.1 0.0 0.0 0.0 0.0 3.4 60.8 3.3 : : : : Number of Traders in Each Category Total Traders: 34 : : 12 8 . . 0 0 0 0 4 8 4 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V27 BACK HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NHU Open Interest is 6,879 : : Positions : : 5,576 1,990 0 400 0 0 0 0 988 4,154 50 : : : : Changes from: November 18, 2025 : : 41 4 0 0 0 0 0 0 -2 15 2 : : : : Percent of Open Interest Represented by Each Category of Trader : : 81.1 28.9 0.0 5.8 0.0 0.0 0.0 0.0 14.4 60.4 0.7 : : : : Number of Traders in Each Category Total Traders: 34 : : 14 6 0 . 0 0 0 0 7 6 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V28 BACK HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NHV Open Interest is 6,058 : : Positions : : 3,518 2,283 0 412 0 164 0 0 1,865 2,837 273 : : : : Changes from: November 18, 2025 : : 2 4 0 0 0 0 0 0 10 9 -7 : : : : Percent of Open Interest Represented by Each Category of Trader : : 58.1 37.7 0.0 6.8 0.0 2.7 0.0 0.0 30.8 46.8 4.5 : : : : Number of Traders in Each Category Total Traders: 32 : : 13 8 0 . 0 . 0 0 7 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V29 BACK HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NHW Open Interest is 5,754 : : Positions : : 3,632 1,891 0 587 0 0 0 0 1,471 2,650 353 : : : : Changes from: November 18, 2025 : : -29 45 0 0 0 0 0 0 74 0 2 : : : : Percent of Open Interest Represented by Each Category of Trader : : 63.1 32.9 0.0 10.2 0.0 0.0 0.0 0.0 25.6 46.1 6.1 : : : : Number of Traders in Each Category Total Traders: 30 : : 8 7 0 . 0 0 0 0 10 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V30 BACK HALF - NODAL EXCHANGE (1,000 MWh representing 1,000 Texas RECs) : CFTC Code #006NHX Open Interest is 3,746 : : Positions : : 1,934 2,150 0 275 0 0 0 0 1,623 1,135 57 : : : : Changes from: November 18, 2025 : : 0 -26 0 0 0 0 0 0 -26 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 51.6 57.4 0.0 7.3 0.0 0.0 0.0 0.0 43.3 30.3 1.5 : : : : Number of Traders in Each Category Total Traders: 24 : : 9 7 0 . 0 0 0 0 6 . . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V26 FRONT HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NHY Open Interest is 8,003 : : Positions : : 7,409 2,447 0 1,175 0 0 0 0 447 4,239 0 : : : : Changes from: November 18, 2025 : : 5 0 0 0 0 0 0 0 0 5 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 92.6 30.6 0.0 14.7 0.0 0.0 0.0 0.0 5.6 53.0 0.0 : : : : Number of Traders in Each Category Total Traders: 34 : : 14 6 0 . 0 0 0 0 5 7 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V27 FRONT HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NHZ Open Interest is 6,690 : : Positions : : 5,802 2,030 0 703 0 0 0 0 802 3,874 0 : : : : Changes from: November 18, 2025 : : 27 1 0 0 0 0 0 0 -6 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 86.7 30.3 0.0 10.5 0.0 0.0 0.0 0.0 12.0 57.9 0.0 : : : : Number of Traders in Each Category Total Traders: 33 : : 15 6 0 . 0 0 0 0 5 5 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V28 FRONT HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NJ1 Open Interest is 6,484 : : Positions : : 5,545 2,908 0 538 0 0 0 0 647 2,775 56 : : : : Changes from: November 18, 2025 : : 7 3 0 0 0 0 0 0 -2 -3 3 : : : : Percent of Open Interest Represented by Each Category of Trader : : 85.5 44.8 0.0 8.3 0.0 0.0 0.0 0.0 10.0 42.8 0.9 : : : : Number of Traders in Each Category Total Traders: 27 : : 12 8 0 . 0 0 0 0 4 4 . : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V29 FRONT HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NJ2 Open Interest is 6,686 : : Positions : : 5,029 3,566 0 713 0 0 0 0 1,521 2,285 0 : : : : Changes from: November 18, 2025 : : 102 30 0 0 0 0 0 0 -45 25 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 75.2 53.3 0.0 10.7 0.0 0.0 0.0 0.0 22.8 34.2 0.0 : : : : Number of Traders in Each Category Total Traders: 29 : : 9 7 0 . 0 0 0 0 7 . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- TX REC CRS V30 FRONT HALF - NODAL EXCHANGE 1000 Texas RECs : CFTC Code #006NJ3 Open Interest is 3,518 : : Positions : : 2,303 1,985 0 400 0 0 0 0 1,075 997 0 : : : : Changes from: November 18, 2025 : : 0 -25 0 0 0 0 0 0 -34 -9 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 65.5 56.4 0.0 11.4 0.0 0.0 0.0 0.0 30.6 28.3 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 9 6 0 . 0 0 0 0 6 4 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- NEW JERSEY RECs CLASS 2 V2026 - NODAL EXCHANGE 100 MWh representing 100 NJ Class 2 RECs : CFTC Code #006NLD Open Interest is 9,930 : : Positions : : 5,640 150 505 9,780 0 690 0 0 3,080 0 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 56.8 1.5 5.1 98.5 0.0 6.9 0.0 0.0 31.0 0.0 0.0 : : : : Number of Traders in Each Category Total Traders: 21 : : 11 . . . 0 . 0 0 4 0 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PENNSYLVANIA AEC TIER 2-V2026 - NODAL EXCHANGE (100 MWh = 100 Tier 2 AECs) : CFTC Code #006NLV Open Interest is 26,995 : : Positions : : 15,780 15,753 1,279 850 0 3,601 0 0 6,335 10,392 0 : : : : Changes from: November 18, 2025 : : 0 0 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 58.5 58.4 4.7 3.1 0.0 13.3 0.0 0.0 23.5 38.5 0.0 : : : : Number of Traders in Each Category Total Traders: 32 : : 10 8 . . 0 . 0 0 6 4 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PENNSYLVANIA AEC TIER 2-V2027 - NODAL EXCHANGE (100 MWh = 100 Tier 2 AECs) : CFTC Code #006NMT Open Interest is 18,419 : : Positions : : 13,070 13,344 420 100 0 2,150 0 0 2,779 4,975 0 : : : : Changes from: November 18, 2025 : : 380 830 0 0 0 450 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 71.0 72.4 2.3 0.5 0.0 11.7 0.0 0.0 15.1 27.0 0.0 : : : : Number of Traders in Each Category Total Traders: 25 : : 11 5 . . 0 . 0 0 . . 0 : ---------------------------------------------------------------------------------------------------------------- Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 25, 2025 : Reportable Positions : :------------------------------------------------------------------------------------------------------------- : : Producer/Merchant : : : : : Processor/User : Swap Dealers : Managed Money : Other Reportables : : Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading : ---------------------------------------------------------------------------------------------------------------- PENNSYLVANIA AEC TIER 2-V2028 - NODAL EXCHANGE (100 MWh = 100 Tier 2 AECs) : CFTC Code #006NMX Open Interest is 14,730 : : Positions : : 10,695 13,130 250 0 0 550 0 0 3,225 1,600 0 : : : : Changes from: November 18, 2025 : : 140 140 0 0 0 0 0 0 0 0 0 : : : : Percent of Open Interest Represented by Each Category of Trader : : 72.6 89.1 1.7 0.0 0.0 3.7 0.0 0.0 21.9 10.9 0.0 : : : : Number of Traders in Each Category Total Traders: 20 : : 8 4 . 0 0 . 0 0 4 . 0 : ----------------------------------------------------------------------------------------------------------------
Updated December 15, 2025