quid pro quo

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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 free 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.

quid pro quo

An equal exchange that a person or firm makes with another person or firm. In the securities industry institutional investors provide orders to brokerage firms as a quid pro quo for in-depth research.
References in periodicals archive ?
While quid-pro-quo harassment occurs in situations in which a superior makes demands of an employee, hostile environment harassment can stem from the actions of a boss, coworkers, and others, such as clients (Folkerson v.
The Supreme Court ruled in the Meritor case that both quid-pro-quo and hostile environment harassment are proscribed.
His situation was a mix of both quid-pro-quo and hostile environment harassment.
Our firm helped NPOs choose the proper wording for their written acknowledgments, but it was harder for us to formulate a statement for the quid-pro-quo contributions because each organization uses a variety of fund-raising events during the year.
For example, at issue in most cases was whether the winning bid creates the fair market value for the item (possibly resulting in no quid pro quo since the entire amount paid would then be considered an exchange for goods or services) or whether the excess of the amount bid over the fair market value of the item is considered a contribution (a quid-pro-quo transaction).