pit

Pit

A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

pit

A location on a commodities exchange trading floor where the futures of a particular commodity are traded. Also called ring.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.