Swap dealers used to be able to qualify for exemptions to hedge their risk after they wrote a swap.

在过去，掉期交易者在形成掉期合同后可以申请免除限制的资格以规避风险。

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But analysts at Barclays Capital note that swap dealers still accounted for just 6.4% of total options and futures contracts, not enough to drive prices up on their own.

然而，英国巴克莱银行的分析家观察到，调换交易商仍然只占期权及期货合约总数的6.4%，尚不足以凭一己之力抬高物价。

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Certain agricultural commodities have had position limits in place for years. Swap dealers used to be able to qualify for exemptions to hedge their risk after they wrote a swap.

一部分特定农产品许多年前就有持仓限制，掉期交易者在签订交易协议后可获得豁免资格来规避风险。

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Swap dealers increased their net short position, having cut gross longs and bumped up gross shorts.

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Swap dealers are net-long and lifted that position by adding gross longs and cutting gross shorts.

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Swap dealers are net long but reduced exposure, adding more gross shorts than gross longs.

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