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 ?
There continues to be a pain sitting in the pit of the stomach of African Americans and Native Americans especially, but also of other minority groups.
IT makes you sick to the pit of the stomach. Good Friday has come and gone.
As much sculpture for the inner ear and the pit of the stomach as for the eye, the ellipses invest the viewer in their presence with a level of acute physical self-consciousness that, at this moment, is all the more glamorous and exotic for being totally unavailable on the Web.