Arbinet-thexchange Expands Reach to Hong Kong
to Serve Increased Asian Carrier Demand
New Brunswick, NJ – March 22, 2004 – Arbinet-thexchange, the full-service trading solution for buyers and sellers of voice minutes, announced today the opening of its new Hong Kong office to better support the demand for its services throughout Asia.
Since the launch of its Los Angeles Exchange Delivery Point (EDP) in 2002, thexchange has experienced a dramatic increase in participation by major Asian carriers seeking to take advantage of price improvement and liquid supply from its more than 300 Member carriers, without the need for significant capital investment. Connection at any EDP provides a carrier with access to all Members on thexchange, regardless of where it is connected.
“Asia now represents 27% of the world’s traffic, and is the world’s fastest growing telecom region,” says J. Curt Hockemeier, president and CEO of Arbinet-thexchange. “Our presence in Hong Kong will enable us to increase liquidity in these markets and create new buy and sell opportunities for all Members.”
Arbinet-thexchange’s Hong Kong presence will be led by Kenny Wan. Prior to joining Arbinet-thexchange, Mr. Wan was Vice President/General Manager for IBasis in Asia where he was responsible for leading VoIP efforts. He previously served as Vice President, Asian Sales at Qwest Asia, Ltd., and held senior executive titles at Global One and Sprint International, Hong Kong. Mr. Wan holds a Masters of Science degree in Electrical and Electronic Engineering from the University of Hong Kong.
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 liquid market and designed and built the world’s most advanced routing system to automate anonymous minutes trading between telecom companies. More than 300 Members use thexchange to reduce their cost of service, improve route quality and expand revenues by reaching new markets without extensive network build out.
A Member inputs 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 calling code breakouts and AXCESSRATESM spot market price and quality data.