A bandwidth stock exchange has been launched to allow telcos to buy and sell capacity minute by minute.
The business grew from bandwidth trader Band-X's installation of a leased Nortel switch at Telehouse, the telecoms switching hub in London. From here the telcos run an E1 leased line connection.
The Band-X switch has five connections, all tier one carriers, with applications from another 80 companies to be processed. Band X's Marcus de Ferranti said: "This is an incredible growth area, it is now possible to run the market as a stock exchange."
The commission-based company was formed a year ago as an intermediary between buyers and resellers. It now has plans to set up exchanges in New York, Frankfurt and Hong Kong. "This is such an efficient way of trading minutes that there is sure to be an exchange in every deregulated capital," said de Ferranti.
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