Big Figure

Filed Under »
Dictionary Says

Definition of 'Big Figure'

The stem, or whole dollar price, of a price quote. The term "big figure" is most often used in international currency markets, where it is often abbreviated to "big fig." In the U.S., big figure is also referred to as the "handle." The big figure is generally omitted when traders provide quotations in very fast-paced markets, such as the interbank currency market, because the assumption is that it is common knowledge and does not need to be specified.
Investopedia Says

Investopedia explains 'Big Figure'

For example, assume that the Japanese yen is trading versus the US dollar in the interbank spot market at 85.50 (bid) / 85.55 (offered). While the big figure here is 85, interbank traders will quote the price as 50 / 55.

While omitting the big figure is accepted practice in interbank and institutional markets, it is seldom done when dealing with retail investors. Even in the interbank markets, traders may need clarification on the big figure in cases where the exchange rate is moving very rapidly, as for instance, during currency intervention by central banks. The big figure may also need to be clarified when the exchange rate approaches round numbers, such as 86.00 yen or 1.3500 euros to the US dollar.

Articles Of Interest

  1. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  2. What is a stock ticker?

    A stock ticker is a report of the price for certain securities, updated continuously throughout the trading session by the various stock exchanges. A "tick" is any change in price, whether that ...
  3. Institutional Investors

    Learn more about the advantages that financial institutions enjoy when buying and selling securities.
  4. Weighted Average

    Learn how to weigh the relative importances of data points in a calculated average.
  5. Bid-Ask Spread

    Find out more about this frequently referenced, but often misunderstood, term used to describe the price at which a stock is bought or sold at.
  6. Why Is Liquidity Important?

    Learn more on why liquidity is important to consider when examining a stock, next to its share price.
  7. Understanding The Ticker Tape

    We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
  8. Whisper Numbers: Should You Listen?

    These unofficial forecasts hold the potential for insider insight - and investment risk.
  9. Translating Ticker Talk

    Stock tickers can say a lot about a company in just a few letters. Find out how to read them.
  10. The Dow Jones Industrial Average

    Learn how this price-weighted index performs and the ways to interpret its movements.
comments powered by Disqus
Marketplace
Hot Definitions
  1. Xenocurrency

    A currency that trades in markets outside of its domestic borders.
  2. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.
  3. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.
  4. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.
  5. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
  6. Chartalism

    A non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=c05c258312217e06afb27cdccbe37e56