Handle
19 hours agoHandles are significant across all financial markets, but their meanings vary based on the asset in question. In trading, the term "handle" can have two interpretations, depending on the market being discussed.
How Handle is Used in FX
In the forex market, the handle refers to the part of the quote that appears in both the buy and sell prices. For instance, if the EUR/USD has a bid of 1.1050 (sell price) and an ask of 1.1052 (buy price), the handle would be 1.10. This represents the portion of the quote that is the same for both the buy and sell prices. Since most forex prices are quoted up to five decimal places, traders often find it more practical to refer to just the last two decimal places when discussing bids and asks, omitting the handle.
How Handle is Used in Other Markets
In other financial markets, a handle refers to the whole numbers in a price quote, excluding the decimals. It is the segment of the quote that appears to the left of the decimal point. For example, if a stock is trading at $82.49, its handle is simply $82. In the stock market, a handle is also referred to as the "big figure" or "big fig." Using the handle provides a quicker way to reference the price of an asset at a specific moment, serving as a verbal shortcut. When traders are aware of the handle for a particular quote price, it eliminates the need to articulate the entire full quote price when communicating with other traders.
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