In the exciting world of finance, we often come across the term "pit" or "ring" at futures exchanges. But have you ever wondered what happens in that raised structure next to it? Well, my dear students, that is called the "trading post." It is where market reporters, hired by the exchange, diligently record the price changes that take place in the trading pit. In other words, it serves as a hub of real-time information for traders and investors to make informed decisions. Fascinating, isn't it?
