Handle

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.

 

MoneyWeek magazine

Latest issue:

Magazine cover
Heading higher?

Or are house prices set to fall?

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Russell Napier: deflation is coming – hold on to your cash

Financial historian Russell Napier talks to Merryn Somerset Webb about the next deflationary bust – why it's coming, what it means for you, and how you can survive it.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


27 November 1924: Macy's first Thanksgiving Day parade

On this day in 1924, New York department store Macy's held its first Thanksgiving Day parade. It would soon become a city institution, kicking off the run-up to Christmas.