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 ?
The rainfall data considered for each monthly sampling referred to the rainfall observed in the three weeks preceding traps collection, plus the week the pitfall traps were operating.
Each edition pinpoints common pitfalls faced when planning, preparing, and presenting PowerPoint shows.
Analyzing the requirements of the product and user environment will get the job done right the first time, which is much faster than doing it over several times (see Pitfall #3).
Collection Methods - Gibbons and Semlitsch (10) stated that pitfall traps in association with terrestrial drift fences are an effective method for sampling herpetofaunal communities, but recent studies have utilized both pitfall and funnel trap types in order to attain a more complete community survey (11, 12, 13, 14).
This case illustrates potential pitfalls in diagnosing melioidosis, which requires clinical and laboratory awareness and knowledge of its geographic distribution.
same location, 9 August, 2005, uncovered dry pitfall, N.
Pitfall traps captured the fewest numbers of individuals and species and were the only trap type to have different, although not significant, capture rates between seasons.
This is one of the most seductive and common pitfalls for new leaders, according to the authors.
To add to the possible confusion surrounding PALs, two popular tax preparation software programs fail to appropriately explain the potential pitfall to taxpayers.
Gibbons & Semlitsch (1981) compared drift fences equipped with pitfall traps to hand collecting in South Carolina.