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The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

Big Figure Quote

In foreign exchange, the leading digits of a price; the part everyone already knows. If EUR/USD is trading at 1.0850, the “1.08” is the big figure and the “50” is the pip side. Traders working on professional desks often quote only the pips, because saying the full price every time wastes seconds in a market where seconds matter.

A trader hearing “fifty / fifty-two” knows the bid and offer are 1.0850 and 1.0852 because the big figure is already understood. The convention can confuse newcomers. Hearing “show me thirty” doesn’t mean a price of 30; it means show a quote at the X.XX30 level.

The big figure changes whenever the price crosses a round 100-pip level, at which point traders deliberately re-quote in full to avoid confusion.

Example: During a fast move when GBP/USD breaks above 1.2700, a dealer might shout “we’re trading the new big figure”; meaning quotes shift from 1.26-handle pips to 1.27-handle pips, and everyone needs to re-anchor mentally to the new round level.

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