- Futures Pit
- An area on the floor of a futures exchange where trading takes place by way of the Open Outcry system.► See also Open Outcry.
Financial and business terms. 2012.
Futures Pit
Look at other dictionaries:
pit — The area on the trading floor where futures and options on futures contracts are bought and sold. Pits are usually raised octagonal platforms with steps descending on the inside that permit buyers and sellers of contracts to see each other.… … Financial and business terms
Pit — A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts. The New York Times Financial Glossary * * * pit pit [pɪt] noun [countable] 1. FINANCE an area of the floor of a… … Financial and business terms
pit — trading pit An area of a stock market, financial futures and options exchange, or commodity exchange in which a particular stock, financial future, or commodity is traded, especially one in which dealings take place by open outcry Authorized… … Big dictionary of business and management
Futures Market — An auction market in which participants buy and sell commodity/future contracts for delivery on a specified future date. Trading is carried on through open yelling and hand signals in a trading pit. Volume in the futures market usually increases… … Investment dictionary
pit broker — A person on the exchange floor who trades futures contracts for others in the pits. See also floor broker. The CENTER ONLINE Futures Glossary … Financial and business terms
Pit — A specific area of the trading floor that is designated for the trading of an individual futures or options contract. You ve probably seen pictures of traders wildly thrashing their arms and yelling orders in the trading pit. Although it may look … Investment dictionary
Pit committee — A committee of the exchange that determines the daily settlement price of futures contracts. The New York Times Financial Glossary … Financial and business terms
pit trader — See floor trader. The CENTER ONLINE Futures Glossary … Financial and business terms
pit committee — A committee of the exchange that determines the daily settlement price of futures contracts. Bloomberg Financial Dictionary … Financial and business terms
pit — The center of activity in futures and options markets … American business jargon
