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pit
(redirected from digging a pit for)

    Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia 0.04 sec.
Pit
A specific area of the trading floor that is designated for the trading of an individual futures or options contract.

Notes:
You've probably seen pictures of traders wildly thrashing their arms and yelling orders in the trading pit. Although it may look like a poorly coordinated Village People concert, there is actual trading going on.

See also: Open Outcry, Rings
Pit
A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts.
pit
A location on a commodities exchange trading floor where the futures of a particular commodity are traded. Also called ring.
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Once in Mzuzu, the first two weeks were assigned to block making and testing, using earth taken from a nearby site where the university was digging a pit for a new water tank.
Mutu umodzi susenza denga one head alone cannot lift a roof by Gregory, Rob / The Architectural Review
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