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 ?
The Echo's wine writer Neil Cammies gives his verdict: UPON hearing the sad news that Ballantynes Wine Merchants was going out of business, there was that awful feeling in the pit of the stomach and a sadness that is felt when you lose an old friend.
With world events so volatile, particularly where air travel is involved, that aching knot started to form in the pit of the stomach, anticipating the awful truth.
There continues to be a pain sitting in the pit of the stomach of African Americans and Native Americans especially, but also of other minority groups.