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automated pit trading
APT. An electronic trading system used by LIFFE that replicates the outcry method of trading of securities. Automated pit trading is a screen-based platform launched in 1989. Its use extends the trading day for futures contracts since it does not use the trading floor for orders.
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- Part of Speech: noun
- Synonym(s):
- Blossary: Futures
- Industry/Domain: Banking
- Category: Investment banking
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