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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.
References in periodicals archive ?
When we came into the dressing room after the game, Jonno told everyone to think about how empty they felt, about the sick, sinking feeling in the pit of the stomach.
It's that rush that gets the heart pumping, the pulse racing and the nervous butterflies in the pit of the stomach simmering.
He said: "There is a bad feeling in the pit of the stomach and the fans can rest assured that we feel the same frustrations as they do.