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Glossary   >   P   >   "Pit" Definition            Pit A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts. A specific area of the trading floor that is designated for the trading of an individual futures or options contract. An area within a futures exchange where trading in a particular futures or options contract is conducted by open outcry. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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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.

A specific area of the trading floor that is designated for the trading of an individual futures or options contract.

An area within a futures exchange where trading in a particular futures or options contract is conducted by open outcry.