Exchange Currency

pit

A circular area on an exchange's floor where the trading of a specific futures contract or option contract occurs. If a member firm wants to trade a specific contract anonymously, it will often use the services of a broker in the pit.

Related information about pit:
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  5. pit - definition of pit by the Free Online Dictionary, Thesaurus and ...
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  8. pit - Wiktionary
    From Middle English, from Old English pytt (“pit, hole in the ground, well, grave, pustule, pockmark”), from Proto-Germanic *putjaz (“pit, well”), from Latin puteus ...