Welcome to the world of finance, where the bustling trading floor serves as the heart of the market. Here, we find a special area known as the "pit," where futures and options on futures contracts are traded. These octagonal platforms, elevated above the rest of the floor, provide a physical space for buyers and sellers to interact and make deals. The steps leading down into the pit allow for easy visibility and communication between parties. In this dynamic environment, contracts are bought and sold, and the market comes to life.
