ex-pit

Ex-Pit Transaction

A futures transaction that does not occur on the trading floor. These transactions are called ex-pit because the futures trading floor is informally called the pit.

ex-pit

Of or relating to a futures transaction that takes place away from the trading floor. For example, a person long a futures contract on coffee may agree to take delivery of the commodity from an investor who is short an identical contract. The two parties have to close out their respective obligation away from the trading floor.

单词	ex-pit
释义	ex-pit Ex-Pit Transaction A futures transaction that does not occur on the trading floor. These transactions are called ex-pit because the futures trading floor is informally called the pit. ex-pit Of or relating to a futures transaction that takes place away from the trading floor. For example, a person long a futures contract on coffee may agree to take delivery of the commodity from an investor who is short an identical contract. The two parties have to close out their respective obligation away from the trading floor.
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