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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

pit

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 ?
Mr Barry Berlin said the nuns had fallen more than seven feet after they were ushered onto the orchestra pit cover during the evening's fancy dress competition.
According to the planning report, the orchestra pit has now been redesigned and the auditorium slightly cut in seating capacity from 1,600 to 1,520.
The study will also consider renovating the Egyptian, where the stage is only 1 feet deep and there is no orchestra pit, backstage area or dressing rooms.
I recall Danny Kaye sitting on the stage with his legs dangling over the orchestra pit, conversing with the audience.
A riot ensues - literally - and in an explosion of leather, bare flesh and huge hairdos this strange world heads for hell in a handcart - or the orchestra pit in a Chevy.
A riot ensues and, in an explosion of leather, bare flesh and huge hairdos, this strange world heads for hell in a handcart - or the orchestra pit in a Chevy.
It also supplies orchestra pit fillers and lifts; fixed audience seating; pipe and wire grids; and stage draperies, acoustic curtains, and curtain track systems for professional, educational, and community venues.
A MAN caused an opera to be cancelled when he sprinkled a powdery substance into an orchestra pit in the middle of a show.
I am going to push him into the orchestra pit " - Rock star Peter Townshend looking forward to teaming up with British tenor Alfie Boe.
I merely asked him if there was a box still available, preferably away from the orchestra pit and if not, I'll take a seat in the gallery.