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 ?
So I said, "I shave my legs, but not my arm pits. That's feminism to me."
Since apocrine glands (the glands in the arm pits, genital and rectal area, and under the breasts which are responsible for body odor) don't secrete any fluid until puberty, soap isn't needed to prevent body odor.
He said: "I shaved all my man bits, my legs, my arm pits, my chest hair and my butt crack and so there is no chance of the critters getting caught in my man-hair."
I've been on a mission for a hair-free body ever since I started developing hair down there and in the arm pits and legs.
The ink actually ends up being taken to your lymph nodes, usually in the arm pits. This is a safe process and means there is no scarring from tattoo laser removal treatments and no after affects."
Sure, I can shake my arms around and make like I'm designing bricks or scratching my arm pits (as someone said, making like I'm bathing a rabid cat on the dance floor).
Feeling like Julia Roberts in a scene from Sleeping With The Enemy (without the long legs or hairy arm pits) I wanted to scream, but nothing came out.
Dressing rooms all over the country are reeking of cheap deodorant spray that stings your arm pits a bit like rubbing TCP on a blister at pre-season!
Sub-officer Lloyd Bishop, of Hampshire Fire Service, said: "By the time we got there he was up to his arm pits, sinking deeper and starting to suffer from hypothermia.
The guy doing the monkey impression at Chelsea - allegedly, to be safe, after all he could have been merely scratching both arm pits at the same time, as you do - has been arrested, and then there is the monkey allegation against ref Mark Clattenburg, which has police and FA crawling all over Stamford Bridge.
"She was like 'get in the shower, shave your legs, shave your arm pits.'