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.
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 A natural or artificial hole or cavity in the ground. 2. a. An excavation for the   removal of mineral deposits; a mine. b. The shaft of a mine. 3. A concealed hole   in ...
 
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