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 ?
I too look forward to the mighty Christie rising from the orchestra pit, to that unique and awesome sound of the theatre organ in full voice again
In the original production of Sidney Kingsley's 1932 play, ``They just jumped into the orchestra pit, put baby oil on themselves and called it water,'' says scenic designer James Noone.
She recounts the legendary story of no one moving to help Robbins after he tripped and fell into the orchestra pit during a rehearsal.
Improvements included new lighting and environmental controls, sound system, expanded orchestra pit, new orchestra-level floor, better accessibility on all levels including a second elevator and a new cable for televised events.
Birmingham-based law firm Irwin Mitchell said the women intended to take action against the city's Alexandra Theatre, where more than 30 people dressed as nuns plunged 20ft into the orchestra pit last month.
Many of the injured suffered fractured legs and arms when they fell almost 20ft into the orchestra pit at the Alexandra theatre in Station Street, Birmingham, during last night's show.
If the shop window is reminiscent of a cinema screen, the interior arrangement echoes the anatomy of theatre so that overlooked from ground and first floor levels, the basement bar becomes an orchestra pit.
One of the chickens was thrown back and went into the orchestra pit, the other landed on its head on the stage and Freddie pretended to throttle it.
The orchestra pit is an essential part of the scene for opera productions.
Originally, it had a sprung dance floor made from maple and a full-sized orchestra pit, and was used for both shows and dances.
Even a bit of 'Stomp' finds its way in with the use of dustbins, lids, brooms and tin trays - one of which landed in the orchestra pit on Wednesday night.