ring(redirected from lesser ring of iris)
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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.
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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.