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

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pit pit [pɪt] noun [countable]
1. FINANCE an area of the floor of a financial market where buying and selling takes place and dealers speak directly to each other; = FLOOR; TRADING FLOOR:

• the currency pit of the Chicago Commodity Exchange

• the most active trader in the world's most active futures-trading pit

2. a mine, especially a coal mine:

• We have no choice but to close unprofitable pits.

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   An often self-contained section on an exchange floor for the trading of a particular type of financial instrument or commodity.
   ► See also Open Outcry.

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pit UK US /pɪt/ noun [C]
STOCK MARKET the area of a stock exchange used for trading: »

Many traditional pits have moved their business to electronic trading systems.

Compare THE FLOOR(Cf. the floor)
NATURAL RESOURCES a deep area underground from which a natural resource is taken by digging: »

a coal/clay/gravel pit

Financial and business terms. 2012.


Look at other dictionaries:

  • Pit — Pit, n. [OE. pit, put, AS. pytt a pit, hole, L. puteus a well, pit.] 1. A large cavity or hole in the ground, either natural or artificial; a cavity in the surface of a body; an indentation; specifically: (a) The shaft of a coal mine; a coal pit …   The Collaborative International Dictionary of English

  • Pit — may refer to:Technology* Programmable Interval Timer, a computing device * Pulsed inductive thruster, a device used in spacecraft propulsion * The core of a nuclear weaponPlaces* Pit River, a watershed in California * Pittsburgh International… …   Wikipedia

  • Pit — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}}   Sigles d une seule lettre   Sigles de deux lettres > Sigles de trois lettres …   Wikipédia en Français

  • pit — ☆ pit1 [pit ] n. [Du < MDu pitte, akin to PITH] the hard stone, as of the plum, peach, or cherry, which contains the seed vt. pitted, pitting to remove the pit from (a fruit) pit2 [pit] n. [ME < OE pytt < early WGmc & NGmc * puttia (> …   English World dictionary

  • pit — Ⅰ. pit [1] ► NOUN 1) a large hole in the ground. 2) a mine or excavation for coal, chalk, etc. 3) a hollow or indentation in a surface. 4) a sunken area in a workshop floor allowing access to a car s underside. 5) an area at the side of a track… …   English terms dictionary

  • pit*/ — [pɪt] noun I 1) [C] a large hole in the ground a gravel pit[/ex] 2) [singular] informal an extremely untidy place Her room was an absolute pit.[/ex] 3) the pits [plural] British the area beside a race track where cars are repaired during a race • …   Dictionary for writing and speaking English

  • PIT — (engl. für „Grube“) ist Hundekampfarena (siehe: Kampfhund) eine (datentragende) Vertiefung auf einer Compact Disc ein Fluss in Kalifornien, siehe Pit River. die Fachbezeichnung für mikroskopisch kleine Vertiefungen/Schädigungen an Werksteinen von …   Deutsch Wikipedia

  • Pit — Pit, v. t. [imp. & p. p. {Pitted}; p. pr. & vb. n. {Pitting}.] 1. To place or put into a pit or hole. [1913 Webster] They lived like beasts, and were pitted like beasts, tumbled into the grave. T. Grander. [1913 Webster] 2. To mark with little… …   The Collaborative International Dictionary of English

  • Pit — (engl. für „Grube“) ist eine (datentragende) Vertiefung auf einer Compact Disc eine Arena für Hundekämpfe ein Fluss in Kalifornien, siehe Pit River. die Fachbezeichnung für mikroskopisch kleine Vertiefungen/Schädigungen an Werksteinen von… …   Deutsch Wikipedia

  • Pit — Saltar a navegación, búsqueda Un pit es uno de los pequeños agujeros o depresiones que el láser, sobre la superficie de un CD, DVD o cualquier otro soporte digital óptico como blu ray disc o HD DVD, quema para escribir un valor binario. El láser… …   Wikipedia Español

  • Pit — /pɪt/ (say pit) adjective Pitjantjatjara: the Pit Council; the Pit project …   Australian English dictionary

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