The 95 market-wide position limit (MWPL) is a regulatory measure that restricts the total open positions a trader or entity can hold in the market. It's set at 95% of the total open interest in the market to prevent excessive speculation and manipulation.Total Open Interest represents the cumulative number of unfulfilled derivative contracts, like options or futures, that are awaiting settlement. It represents the total number of contracts that are held by market participants at any given point in time. Unlike total trading volume, it monitors all active positions within a specific contract, offering insight into market sentiment and potential liquidity.