FIGURE/THE FIGURE

 

FIGURE/THE FIGURE

Refers to the ’00’ in a price such as 00-03 (1.2600-03) and is interpreted as ‘figure-three.’ Traders would state ‘the figure was given’ or ‘the number was hit’ if someone sold at 1.2600. Thus, the ’00’ in a price, such as 00-03 (1.2600-03), is understood as ‘figure-three.’