noun
General Slang
Pit
· noun · finance
The tiered ring on an exchange floor where open-outcry traders work.
0
Definitions
1
A stepped octagonal arena on an exchange floor. Traders stand on the rim shouting orders into the middle — the tiers exist so everyone can see everyone else's hand signals. Each pit handles one product: the bond pit, the S&P pit, the gold pit.
“He came up in the eurodollar pit at the CME before going upstairs to run a screen desk.”
by community
0
2
By extension, the trading floor as a workplace — the broader scene of floor brokers and locals, win or lose, lunch in the pit.
“Twenty years in the pit and he still gets the shakes when bonds move a full point.”
by community
0
Pit In A Sentence
He came up in the eurodollar pit at the CME before going upstairs to run a screen desk.
Twenty years in the pit and he still gets the shakes when bonds move a full point.
Origin & Usage
Variants
trading pit
People Also Ask
What does pit mean in trading?
The pit is the tiered ring on an exchange floor where open-outcry traders shout and signal their orders.
How do you use pit in a sentence?
"He spent twenty years yelling orders in the pit."
Why is it called a pit?
The name reflects its shape — a stepped, sunken ring that let traders see and hear each other across the floor.
Comments 0