Ex-Pit refers to a transaction outside the pit or ring. This is permissible for bona fide hedging purposes or to allow for a smooth transfer of accounts between brokerage firms. This type of transaction is under less scrutiny than ordinary transactions because there is no public offering of the positions.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). ex-pit. Retrieved September 21, 2026, from http://smartdefine.org/ex-pit/definitions/1153298 |
| Chicago | Barry Goldsmith. 2010. "ex-pit" http://smartdefine.org/ex-pit/definitions/1153298 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, ex-pit, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/ex-pit/definitions/1153298>. |
| MLA | Barry Goldsmith. "ex-pit" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/ex-pit/definitions/1153298> |