URGENT! Trading Interview Question

I did my own research. Was looking for other info. Below is what I have. If anyone has anything to add that'd be great.

Commission Management System: -Do a broker vote to assess the value of research services from brokers in order to determine how eligible research commissions will be allocated -Conduct an internal process in which all firms PMs, analysts, and sometimes traders qualitatively assess the value of various services provided by different brokers and decide which firms services they want to buy -Some say the trader should focus on best ex and not be allowed to vote, others say that a trader can shed light on how well brokers are servicing the firm -There are several vendors that offer services around broker voting to help automate the process. These providers give the buy side a mechanism to consolidate and keep track of all the services consumed or not consumed across the firm and formulate budgets for each quarter. These systems also include a full list of service providers, including brokers, market data vendors, and independent research outfits. Tracking commissions paid out between votes to ensure payouts are in line with projected targets is another useful function. -Traders then pay soft-dollar commissions to pay for research,etc. -Types of services provided by sell-side: -Access to company management, analyst service, research conferences & seminars, sales service, company/industry studies, investment ideas/stock recc's, economic analysis

Syndicate Process: -Compile a list of IPO's for the week and send out to PMs, analysts, traders -Get more color from the sell side (sales people of ECM group in deal underwriting bank) -Tell PMs, analysts, traders how many shares we were allocated -Develop relationships with sales teams b/c they tend to give preferential treatment to funds who they have a good relationship with and that do a lot of business with them