exchange ring ring

1) a place on the exchange where it is allowed to make transactions for members of the exchange; 2) a futures market in the building of the exchange, where stockbrokers stand or sit in a circle, 3) a five-minute period during which each individual metal is traded on the London Metal Exchange; 4) a primitive form of settlement agreement on the first exchanges, according to which the movement of contracts along the chain or ring of brokers - buyers and sellers was traced, and only the difference was payable (thus, mutual claims were offset).