- long
- One who has bought futures contracts or owns a cash commodity. Chicago Board of Trade glossary————One who has purchased futures contracts or the cash commodity, but has not taken any action to offset his position. Also, purchasing a futures contract. A trader with a long position hopes to profit from a price increase. The CENTER ONLINE Futures Glossary————The position of an investor who owns, or commits to buy, a security in either the cash or futures markets. For example, the purchase of an interest rate future is a commitment to take delivery of securities at an agreed-on price on some future date. This is called a long futures position. Owning an investment security is a long cash position. American Banker Glossary————One who has bought a contract to establish a market position and who has not yet closed out this position through an offsetting sale; the opposite of short. Bloomberg Financial Dictionary————One who has bought a futures or options on futures contract to establish a market position and who has not yet closed out this position through an offsetting procedure. The opposite of Short. Also, a market position that obligates the holder to take delivery if the position is not offset previous to delivery date. Chicago Mercantile Exchange Glossary————Any position which has been purchased. For example, a long futures position means that you have bought a future. Contrast with short. Dresdner Kleinwort Wasserstein financial glossary————Owning a security. Exchange Handbook Glossary————A long position is when someone buys (holds) a warrant or holds the underlying asset. Contrasts with Short position. London Stock Exchange Glossary
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▪ I. long long 1 [lɒŋ ǁ lɒːŋ] adjective1. FINANCE possessing shares, bonds, currencies etc because you believe that their value is going to increase:long on• Those who were long on dollars rushed to sell them.
— long noun [countable usually plural] :• After massive sales recently of US stocks and futures, the fund now has 30% more shorts than it has longs.
2. long day/hours etc if you work long hours or a long day, you work for more time than is usual:• Tax specialists often work long hours during assessment time.
[m0] ▪ II. long long 2 adverbFINANCE go long (on something) to buy or keep bonds, shares, currencies etc because you believe that their value will rise:• He reversed short positions and went long on Hong Kong stocks.
• Dealers are going long on dollars in expectation of today's release of strong US trade figures.
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Investors are 'long' when they have bought assets in the hope that prices will rise and that they can sell them when prices have peaked. A long position can be closed out through the sale of an equivalent amount. The opposite of short.► See also Short.* * *
Ⅰ.long UK US /lɒŋ/ adjective► FINANCE, STOCK MARKET used to describe the situation in which you buy and keep shares, etc. because you expect them to rise in value and make a profit: »Nobody wants to be long on stocks over a weekend of economic uncertainty, because stocks may fall sharply in value when markets reopen on Monday.
Ⅱ.long UK US /lɒŋ/ adverb FINANCE, STOCK MARKET
Financial and business terms. 2012.
