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 ?
SUFFERING: A pony hauls a coal wagon - when we still had some pits RESCUE: Roy and a pit pony
Tony saw out his retirement at an animal sanctuary alongside fellow Ellington pit pony Pike, who died in 2005.
To celebrate the arrival of Finn, the new Clydesdale horse, visitors will be invited to make their own pit pony sock puppet.
New Pit Pony stables are opened at Beamish Museum, with a procession to mark the occassion.
Sultan" the pit pony is the UK's largest figurative earth sculpture and is located in Parc Penallta near Ystrad Mynach.
A TOUGH LIFE FOR MAN AND BEAST: Miner Herman Kaye with pit pony Jock at Hepworth Iron Works in 1953 (Examiner ref: 53-0063,TmcHUD310809-ke08381) * SHIFT'S END: Miner D Horne hands in his lamp at the end of a hard day's work (Examiner ref: 53-0062, TmcHUD310809-ke08380)
Gordon Thompson and Pit pony Wheezer at Beamish Museum
The opening of the pit pony stables takes place during Old King Coal, a fourday event running until tomorrow celebrating the mining heritage of the North East.
Father Christmas arrives at Big Pit, Blaenavon, on December 4, 1986 * The Big Pit, Blaenavon, covered in snow in February 1954 * Buller the pit pony is clearly delighted at the prospect of two weeks' holiday from the pit in July 1974 * The pit winding gear is silhouetted starkly at this Rhondda pit in July, 1994
Among the photos is the earth-raised sculpture of Sultan the Pit Pony in Caerphilly, as well as dramatic coastlines, mountains, shopping centres and power stations.
SPARKY - the UK's last surviving deep pit pony - has passed away after pining the death of his favourite four-legged friend.
New pit pony stables will be opened in the Pit Village at Beamish during the Old King Coal celebrations from March 27-30.