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 ?
23 grams fat and no sodium or cholesterol, while 1 cup of pitted sweet cherries has 91 calories, 23 grams carbohydrate, 3 grams dietary fiber, 322 milligrams potassium, 0.
We should've pitted like everybody else and got a splash of fuel and we would have won the race,'' said Kenseth, driver of the No.
When Tracy pitted five laps later, Tracy's lead was back to 4.