pit

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Pit

A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts.

Ring

A place on an exchange assigned for the trading of certain commodities, futures, or options. It is also called a pit or a trading pit.

pit

A location on a commodities exchange trading floor where the futures of a particular commodity are traded. Also called ring.
References in periodicals archive ?
While awaiting help, cool victims with shade, water sprinkles plus ice packs in arm pits and groin.
The market has got a lot bigger from when I started selling them 15 years ago,' he says - uncostumed and leaving his arm pits unscratched.
The good news is that your problem seems to be localised to your arm pits and a medical grade antiperspirant may well do the trick.
I've been on a mission for a hair-free body ever since I started developing hair down there and in the arm pits and legs.
The guy doing the monkey impression at Chelsea - allegedly, to be safe, after all he could have been merely scratching both arm pits at the same time, as you do - has been arrested, and then there is the monkey allegation against ref Mark Clattenburg, which has police and FA crawling all over Stamford Bridge.
She was like 'get in the shower, shave your legs, shave your arm pits.
Sure, I can shake my arms around and make like I'm designing bricks or scratching my arm pits (as someone said, making like I'm bathing a rabid cat on the dance floor).