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Ex-Pit

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Ex-Pit Transaction
A futures transaction that does not occur on the trading floor. These transactions are called ex-pit because the futures trading floor is informally called the pit.
ex-pit
Of or relating to a futures transaction that takes place away from the trading floor. For example, a person long a futures contract on coffee may agree to take delivery of the commodity from an investor who is short an identical contract. The two parties have to close out their respective obligation away from the trading floor.
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Councillors have agreed a multi-million pound development plan to breathe new life into the ex-pit village of Chopwell in Gateshead.
Little Moscow is about to become a bit posh... FORMER PIT VILLAGE ... by Evening Chronicle (Newcastle, England)
Set in the ex-pit villages of East Durham, a film about hope and survival.
culture: More 4 shows a Lost World on film by The Journal (Newcastle, England)
uk Welsh goalkeeper Jack Kelsey ran the length of the pitch to congratulate ex-pit boy Graham Moore, 18, who scored the winning goal in Wales' international against England in the rain at Ninian Park.
Time traveller: It was good and bad news for Wales this week: money ... by South Wales Echo (Cardiff, Wales)
 
 
 
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