Pit Floor Meaning

However a few exchanges still have physical traders on the floor or located at the exchange.

Pit floor meaning. A pit is a specific area of the trading floor that is designated for the buying and selling a security through the open outcry system which involves shouting and hand signaling. Floor pit definition is a pit or recess below a floor line provided to facilitate the reaching of parts beneath a machine. Noun a hole shaft or cavity in the ground. An area in a securities or.

Floor traders used to use the open outcry method in the pit of a commodity or stock exchange but now most of them use electronic trading systems and do not appear in the pit. A space at the front of a theater for the orchestra. Pathol a small indented scar at the site of a former pustule. Open outcry is a method of communication between professionals on a stock exchange or futures exchange typically on a trading floor.

One example is the london metal exchange which still trades parts of the session in a ring which is synonymous with a pit. An enclosure in which animals are made to fight each other. In an open outcry auction bids and offers must be made out in the open market. The part of the trading floor where this takes place is called a pit.

The days of pit trading have ended. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders. Pit commodity exchange the part of the floor of a commodity exchange where trading in a particular commodity is carried on area a part of a structure having some specific characteristic or function. A scooped out place used for burning something such as charcoal.

The pit is a place where everything non guitar instrument related is put. Any of various small areas in a plant cell wall that remain unthickened when the rest of the cell becomes lignified esp the vascular tissue.