Statements two brokers give to each other to confirm the details about a trade of a security to which they agreed. Details include the price and size of the transaction. The comparisons the brokers give one another must agree before the trade can be settled. A broker comparison is informally called a comp. See also: Don't Know.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.