| 1. | Short options contract
期权短仓合约 |
| 2. | Long short equity
短仓持股 |
| 3. | As they quickly reduced that short position , the exchange rate in the spot market moved sharply at that time to 7 . 70
结果他们纷纷减持港元短仓，使港元现汇迅速升至7 . 70 。 |
| 4. | " we have seen substantial unwinding of the short positions in our currency by the hedge funds , with considerable losses
我们发觉对冲基金大规模平掉手上的港元短仓，因而要承受大额亏损。 |
| 5. | Indeed in 2002 the traditionally net long us dollar short hong kong dollar position of the banking system increased significantly , allegedly for this reason
年银行体系录得的美元长仓港元短仓 |
| 6. | And when there is sudden realisation that the hong kong dollar might strengthen , the short hong kong dollar position naturally becomes a concern
当银行体系突然感觉到港元可能会转强时，港元短仓自然就成为关注的焦点。 |
| 7. | " in other words , market makers can continue to cover their short position in exchange fund paper by long position in such specified instruments , or vice versa
他又表示：换言之，市场庄家若持有外汇基金票据及债券短仓，可继续以该等指定债务工具长仓来补仓，反之亦然。 |
| 8. | The banking system might attempt to reduce that short position . there would obviously be reluctance to increase that short position , notwithstanding the favourable interest rate differential
个别银行可能会尝试减少手头的短仓，息差虽然吸引，银行也不愿意在这情况下增持港元短仓。 |
| 9. | Although this is just a little over one per cent away from 7 . 80 - hardly a significant deviation for many - to those shorting the hong kong dollar the effect , for example , on trading profits can be quite big
虽然这与7 . 80相距的幅度只不过略为超过1 % ，对很多人来说是微不足道，但持短仓者的买卖利润却大受影响。 |
| 10. | And with the stock market having recovered substantially from the level at which we entered the market in the middle of august , more considerable losses were incurred also in their short positions in the stock index futures
随著股市自我们在月中入市的水平大幅回升，对冲基金也因为它们的股市指数期货短仓而蒙受更多亏损。 |
