Handle
'Handle' is traders’ jargon for the whole-dollar amount of a security quote.
This is traders' jargon for the whole-dollar amount of a security quote. For example, if a security is quoted as $78.25 bid and $78.75 offered, the handle is 78.
In currency markets, the handle is the bit that is common to both the bid and offer. For example, if euro versus sterling (EUR/GBP) is quoted at 0.80771 bid and 0.80781 offered, the handle is 807.
Usually traders would not mention the handles when quoting prices, but just give the bit after the decimal point or the last two digits of a currency quote. That's because it's assumed that other traders know the handle.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Should you invest in UK equities?
The FTSE 100 hit a record high this week, but UK equities remain unloved and undervalued compared to their global and US peers. Should you snap them up at a discount?
By Katie Williams Published
-
State pension errors: DWP urged to check for mistakes among divorced people
Former pensions minister Steve Webb says there are a high number of divorced women on low state pensions. Now MPs want the DWP to check if there were any errors in “potentially underpaying men and women who are divorced”.
By Ruth Emery Published