Big Figure

Big Figure

The stem, or whole dollar price, of a quote, often used in reference to foreign currencies or money markets.

Notes:

For example, if a foreign currency was trading at 108.3457 and a money market security was trading at 108.6666, both would have big figures of 108. Traders will often not mention the big figure when quoting a security, assuming that other traders know this number.

In the U.S., the big figure is often referred to as the handle.

See also: Bond, Floor Trader, Forex - FX, Handle, Security, Stock