pit

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Related to pitting: pitting edema, Crevice corrosion, pitting oedema

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 ?
These fences will cover the north 1000 metres of the 1435 metres mentioned above as well as an additional 800 metres north of and on strike with the previous pitting.
Phase two will be new test pitting and drilling to bed rock on a 200 meter grid, with phase three to close in the spacing where ore zones are indicated.
The company is working on a program of drilling and shallow pitting to define the immediate extent of the gravels around Pit 5.