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Quid Pro Quo |
Also found in: Legal, Wikipedia, Hutchinson | 0.01 sec. |
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Quid pro quo An arrangement allowing a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research.
Quid Pro Quo An agreement between any firm and a brokerage firm in which the first firm makes use of the other's financial research fee of charge. In exchange, the firm agrees to conduct any trades it may decide to conduct as a result of the research with the second firm as broker. More generally, quid pro quo may describe any financial agreement thought to be mutually beneficial. This may apply to positive things such a trade agreement or to illegal activities such as pay-to-play schemes in municipal contracts. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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