Big Figure
Big figure is a term used in the financial markets to refer to the first few digits of a price quote. It is also known as the “whole number” or “round number”. The big figure is the most significant part of the price quote and is usually the first three digits. For example, if the price of a stock is quoted at $123.45, the big figure is 123.
The big figure is important because it is the most significant part of the price quote and is used to quickly identify the current market price. It is also used to compare prices between different markets and to identify trends in the market. For example, if the big figure of a stock is 123, it is easy to identify that the stock is trading at a higher price than if the big figure was 122.
The big figure is also used to calculate the spread between two prices. The spread is the difference between the bid and ask prices of a security. For example, if the bid price of a stock is 123.45 and the ask price is 123.50, the spread is 0.05. The spread is calculated by subtracting the big figure of the bid price from the big figure of the ask price.
History of Big Figure
The term “big figure” has been used in the financial markets since the early 1900s. It was originally used to refer to the first three digits of a price quote, but over time it has come to refer to the first few digits of a price quote. The term is still used today to quickly identify the current market price and to compare prices between different markets.
Comparison Table
| Price Quote | Big Figure |
|---|---|
| $123.45 | 123 |
| $122.50 | 122 |
| $124.20 | 124 |
Summary
Big figure is a term used in the financial markets to refer to the first few digits of a price quote. It is also known as the “whole number” or “round number”. The big figure is the most significant part of the price quote and is usually the first three digits. It is used to quickly identify the current market price and to compare prices between different markets. For more information about big figure, you can visit websites such as Investopedia, The Balance, and Investing.com.
See Also
- Bid Price
- Ask Price
- Spread
- Price Quote
- Market Price
- Tick Size
- Tick Value
- Price Movement
- Price Volatility
- Price Discovery
