Pit - futures io
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Pit

A specific area of the trading floor that is designated for the buying and selling of a particular type of security through the open outcry system. In the pit, brokers match customers' buy and sell orders through shouting and hand signaling. Orders that are not executed in the pit are executed through electronic trading.

Read more: Pit Definition | Investopedia https://www.investopedia.com/terms/p/pit.asp


See also:
https://www.investordictionary.com/definition/trading-pit
https://www.danielstrading.com/education/futures-options-101/trading-pit


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