FOR IMMEDIATE RELEASE
Arbinet-thexchange Opens AXCESSRATESM Spot Market Price and Quality Data to Non-Member Carriers and Other Constituents
NEW YORK – January 21, 2003 – Arbinet-thexchange, the full-service trading solution for buyers and sellers of voice minutes, announced today the decision to open AXCESSRATESM, its spot market price and quality data service, to non-Member carriers worldwide. AXCESSRATESM provides the actual average, high and low prices agreed upon between more than 250 carriers each day to 500+ top international destinations. Global buyers and sellers of wholesale voice capacity can now get vital information they need to run a competitive business at this critical time in the industry.
"Today’s wholesale telecommunications business is a game of high volumes, tight margins and rapidly changing prices and route performance," says Curt Hockemeier, President and CEO of Arbinet-thexchange. "A price difference of a fraction of a penny can be worth millions. This new product lets carriers buy and sell more accurately and maximize their wholesale business margin."
Taking the guesswork out of trading capacity, AXCESSRATESM provides real transaction data rather than generic price quotes, and includes:
AXCESSRATESM eliminates the speculation involved in negotiating the fair market price for each trade. Buyers avoid overpaying for termination, and sellers learn the true market value of their quality-differentiated routes.
"Until now, buyers and sellers estimated pricing by comparing multiple rate sheets," said Jan-Joost Rueb, Director of Business Development for thexchange. "AXCESSRATESM is the first daily pricing source derived from actual deal information."
Two processes central to all telecom companies are selling access to their networks and routing calls off their networks to destinations worldwide. Arbinet-thexchange has created the spot market and designed and built the world’s most advanced system to automate anonymous minutes trading between telecom companies. More than 250 Members, including eight of the ten largest international telecom carriers, use thexchange to reduce their cost of service, improve route quality and expand revenues by reaching new markets without extensive network build out.
Thexchange’s Members input trade parameters and the system automates sales and purchase order execution, complex calling code matching, call routing to specific breakout destinations and manages the quality of service of traded capacity. The system also handles the credit risk management, billing and commercial settlement aspects of these transactions.
Arbinet-thexchange also distributes spot market transaction data that provides carriers with reliable pricing, quality and routing information for use in planning and negotiations. These products include: AXCESSCODEsm international calling code breakouts and AXCESSRATEsm spot market price and quality data.
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