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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.


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


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.
References in periodicals archive ?
The following year, he worked with his first pit pony. "At that time, in 1950, I was going on 16 and had been working at the bottom of the pit shaft since I had gone underground.
She was beautiful and spoke engagingly to the kids, who were reading Pit Pony at the time.
Roy, 64, who runs a pit pony sanctuary in Pontypridd, Wales, denied his petition was a waste of time.
For further information on the attractions mentioned plus many more, please visit www.outandaboutclub.com or call Llancaiach Fawr Manor 01443 412248; Cardiff Castle 02920 878100; Techniquest 02920 475475; Rhondda Heritage Park 01443 682036; Pit Pony Sanctuary 01443 480327.
"He only has one pit pony. The others he has never worked down the mines."
The original parade, held in Sherburn Hill, included a band of costumed cyclists, and featured a pirate with a bike decorated as a ship and a retired pit pony pulling a tub.
Created jointly by the For more pictures go to www.walesonline.co.uk RGS and street gallery pioneers Wecommunic8, its Welsh landscapes also include the Italianate village of Portmeirion, Llanberis Quarry, raised earth sculpture Sultan the pit pony in Caerphilly, the Brecon Beacons and Neath Port Talbot's steel industry.
We also like Parc Penallta, a former coal tip at Hengoed that has a giant carving of a pit pony in the ground, which is amazing."
Free art and craft activities for children continue through the holidays at the Overton museum, including making your own miner's lamp, creating pit pony sock puppets and casting a fossil to take home.
"We do have regular problems with foxes and other predators," said Roy, who lives and works at the Fforest Uchaf Horse and Pony Centre and Pit Pony Sanctuary, which is based on a 20-acre hill farm in Penycoedcae, Pontypridd.
Pit pony Sharon's Irish dancing and scabby rash nearly brought me out in laughter hives.
Ben, the Shetland pony, will be performing for visiting families as a pit pony, pulling coal tubs along the track of the Racecourse Colliery.