PTQ meaning in Business ?

The Pro Tour (often abbreviated as PT) is the second-highest form of competitive play (after the World Championship) for the Magic: The Gathering collectible card game. It consists of a series of tournaments held throughout the world, each requiring an invitation to participate. Every Pro Tour awards a total of $240,000 in cash prizes, with $50,000 going to the winner. Pro Tour competitors also receive Pro Points, the amount depending on their results. Pro Points award special benefits to players, including automatic qualification and travel awards for subsequent Pro Tours. Currently, four Pro Tours are held during a twelve-month season also known colloquially as a year.

The Pro Tour was introduced in 1996 with the first event being held in New York. Over 100 such tournaments have been held since.

Finishing within the Top 8 of a Pro Tour is considered to be one of the greatest accomplishments a competitive Magic player can achieve. Professional players are thus often compared by the number of Pro Tour Top 8 finishes they have made throughout their career. The most successful players on the Pro Tour are Kai Budde, who won seven Pro Tours out of ten Top 8 finishes, and Jon Finkel, who won three Pro Tours, while making it to the Top 8 sixteen times.