ex-pit

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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He was born in the ex-pit village, where he was once a miner, 100 years ago.
We are a small club in a small ex-pit village in Northumberland and the money from Wish Junior Football will help us buy much-needed kit and equipment to enable us to train and play in the local football leagues.
Ex-pit manager Malcolm Fyeld, 58, of Cwmllynfell, and owners MNS Mining Ltd were cleared of causing the death of colliers Garry Jenkins, David Powell, Philip Hill and Charles Breslin when the 100-year-old pit ooded after blasting operations on September 15, 2011.
At Swansea Crown Court on Thursday, ex-pit manager Malcolm Fyfield, 58, of Cwmllynfell, and owners MNS Mining Ltd were cleared of causing the death of colliers Garry Jenkins, David Powell, Philip Hill and Charles Breslin when the 100-year-old pit flooded after blasting operations on September 15, 2011.
The tycoon, 70, fell in love with the club, whose shirts he sponsors, after tracing his roots to the ex-pit town in Northumberland.
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.
Tens of thousands of ex-pit workers are in line for payouts in a major operation to confront lawyers who ripped off claimants for miningrelated illnesses.
This tax - levied at around 35percent on the ex-pit cost - will make our own quarries less competitive and will potentially allow continental imports to take our market.
The remainder are settlements or parts of settlements that retain a pattern and character that give them a unique identity such as Clara Vale and Marley Hill being typical ex-pit villages, Ryton embracing an old agricultural village with Victorian suburban extensions along the wooded slopes of the River Tyne, and Rowlands Gill with its essentially Edwardian housing set within attractive wooded denes.
Other settlements retain a character that gives them a unique identity, such as Clara Vale and Marley Hill being typical ex-pit villages, Ryton based on an old agricultural village with Victorian suburban extensions, and Rowlands Gill with its essentially Edwardian housing set within wooded denes.
One of the faces of the very successful and very competitive Gadget Show on five, it's hard to believe this feisty ex-pit lane reporter once sashayed down the runway in Paris.
An EFR is an ex-pit transaction involving the exchange of a futures position for an over-the-counter (OTC) position.