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Related to olfactory pit: nasal pit, Olfactory placode, nasal placode


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


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.


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