| 单词 | making a book |
| 释义 | making a book Buying shares, commodities, etc., long (i.e. without having sold them) or selling them short (i.e. without having bought them) for one's own account. Making a book is therefore a speculative activity in which market makers and dealers, but not brokers, indulge. A dealer will often have a complicated book, with many transactions open (see open position). Whether the overall position is long or short will depend on the dealer's view of the market. |
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