In fact, what you said should be "position". Quite a few people mistakenly turn it into "inch" position, which is a commonly used word in the financial industry and is often used in finance, securities, stocks and futures trading. Actually, it means balance For example, foreign exchange position refers to the balance of various foreign currency accounts held by foreign exchange banks, that is, the surplus and deficit of foreign exchange trading of foreign exchange banks. When foreign exchange banks buy more foreign exchange than they sell, there will be long positions in foreign exchange positions, which is called overbought. When foreign exchange banks buy and sell foreign exchange equally, the foreign exchange position is balanced, which is called liquidation; When foreign exchange banks buy less foreign exchange than they sell, foreign exchange positions will appear short positions, also known as oversold. The net balance of various foreign currencies with various maturities held by foreign exchange banks is called comprehensive position. Positioning as a market agreement. The buyer of the futures contract is in a long position, and the seller of the futures contract is in a short position. When futures trading opens, the positions held after buying futures contracts are called long positions, referred to as long positions; The positions held after selling futures contracts are called short positions, referred to as short positions. The difference between open long contracts and open short contracts is called net position. Attached is a reflection on the misspelled article "inch". As a person who has struggled in the theory and practice of futures market for more than four years, Lin Wei is familiar with futures and calls himself "our own futures lawyer". Not long ago, in the process of representing a futures dispute case, I met something that made me feel ridiculous. This happened after the trial of this futures dispute case that I represented. At that time, I sent my written proxy statement to the judge in charge of this case. During the communication, the judge asked me the question of "inch", which made me puzzled at once. What is a "buzz cut"? In my impression, "inch" should be the same as the flat head we shaved when we had a haircut. What I exchanged with the judge was the relevant futures knowledge involved in this futures dispute case. Why did an "inch" suddenly appear? So, no matter what the judge said, I just don't understand. So, the judge asked me half jokingly, "Lawyer Lin, you have been in the futures market for three or four years, how come you don't even know every inch of land and gold?" Finally, inspired by the judge's extensive words, I finally understood that the "inch" mentioned by the judge is actually "bit", and the judge just read it backwards. As far as I know, it is this judge who is famous for handling futures cases in his court. So I was puzzled at that time how he used "inch" to communicate with lawyers and clients. Later, after several contacts with the judge, his word "inch" finally made me understand that other lawyers and parties all took the word "inch" in the judge's mouth as a "position" for communication with the judge. Later, because of other futures cases, I contacted other judges, and quite a few of them also called "positions" "inches". I understood what they meant. However, no matter what I think, saying "location" and "inch" are not the same thing. Looking at it carefully, I think this is not just a small slip of the tongue, but a problem worthy of our vigilance. We know that the truthfulness of those common-sense knowledge is usually confirmed directly in the form of legal rulings, so as to quell unnecessary disputes without reasonable basis, thus ensuring the smooth trial of cases and improving the efficiency of litigation. Therefore, for these factual cases that can be explained by common sense knowledge, the parties do not need to find evidence to prove them. However, if even a judge who has handled a large number of futures disputes has always mispronounced "positions" as "inches", how can we understand the true meaning of the concept of "positions"? If you can't understand the meaning of the common sense concept that determines the success or failure of a case, how can he ensure the legality and fairness of his judgment and protect the legitimate rights and interests of the parties? In fact, I have come into contact with many similar strange things in recent years, which shows that there are still many blind spots in the popularization of futures knowledge. At the same time, the standardized development of the market also requires us to further communicate and exchange with the judicial organs in order to promote law enforcement agencies to understand and correctly understand the futures market. Only in this way, after the promulgation and implementation of the Interim Regulations on the Administration of Futures Trading and related management measures, can the futures market truly have laws to follow and strictly enforce the law.

Satisfied, please adopt.