Pit committee

Pit committee

A committee of the exchange that determines the daily settlement price of futures contracts.

Pit Committee

A committee on an exchange that deals with futures contracts. Specifically, it determines the settlement price each trading day.
References in periodicals archive ?
In 1985, he was vice chairman of the T-Bond Pit Committee.
Appiant Technologies Expands Board of Directors With Appointment of Tom Baldwin; Prominent Bond Trader and Major Corporate Investor Joins Appiant Team
In 1985, he was vice chairman T-Bond Pit Committee.
NHancement Technologies Announces Legendary Bond Trader Tom Baldwin's Intent to Further Increase His Holdings in NHancement's Stock
But the local pit committees showed a strong concern with mechanization and often violated national agreements with outlaw strikes.
What's a Coal Miner to Do? The Mechanization of Coal Mining
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