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 ?
imaging revealed a schisis cavity due to the optic pit and cystoid changes due to fluid collection under the internal limiting membrane in the right eye (Figure 1B).
In a recent study of 16 patients with ODP, it was shown by HR-OCT that fluid can move directly from the optic pit to the subinternal limiting membrane space, ganglion cell layer, inner and outer nuclear layers, or subretinal space.