Jeff Pulver announces Min-X:real-time
This came to me this morning in the way of the Pulver Report.
On his Minutes exchange (Min-x.com), Jeff writes:
"Back in October, 1998 when I announced the founding of
Min-X.com ( min-x.com ), "The Minutes Exchange",
I was working on the idea of establishing an exchange where
Minutes could be traded as a commodity.
I founded The Minutes Exchange to act as the "Market Maker" between
parties who are either originating and/or terminating IP
Telephony Minutes. The operation of The Minutes Exchange to date
has been similar to the "Broker's Brokers" which operate on Wall
Street on a "Name Giveup" basis. Translation - while the Bids and
Offers of the Minutes listed on our Web based Trading Screens
remained Anonymous, we introduce the parties originating and
terminating the minutes after the deal is completed.
During the past year and a half this service has evolved into our
current Min-X:web-auction service which provides a lead
generation referral for Nextgen Telcos looking for partners,
Equipment vendors who are introduced to new market entrants
as well as a place for Clearinghouses to come to find new members.
Min-X Dealers have the ability to post bid/offers for a given
destination and equipment combination.
Membership in the Min-X:web-auction Exchange has been open to those
companies which are interested in having The Minutes Exchange act
as a Market Maker, have verified capacity for either originating
or terminating minutes and pass the operating standards set by Min-X.com.
In addition to Min-X:web-auction, Min-X.com has been holding
Dealing Meetings during the pulver.com VON Conferences. These meetings
help facilitate the building of relationships between operators as well
as provide an opportunity for Clearinghouses to find new customers.
Since October, 1998 I've watched the growth of clearinghouses and I'm
now a believer that over the next two years there will be an explosion
in the number of clearinghouses established. In my book, as more Tier 1
carriers enter the IP minutes marketplace, they will be setting up their
own clearinghouse to originate/terminate their own minutes into.
On March 28th, during my Industry Perspective at Spring 2000 VON, I
announced Min-X:real-time. Min-X:real-time is a real-time minutes
brokerage service which enables our customers to trade anonymously and
autonomously with each other. With the advent of Min-X:real-time,
Min-X.com has established first non-facilities based, real-time
Electronic Clearing Network (ECN) for telephony.
Min-X:real-time will enable Clearinghouses and Tier 1 carriers to
expand their reach into other markets, improve network utilization
and maximize network revenues. This service will also provide an
auditable network information to establish trusted transactions
between multiple parties and establish a benchmark for other
financial telecom transactions such as Minute forwards and
derivatives contracts.
For more information regarding Min-X.com, please feel free to visit
min-x.com and/or contact Stu Milberg - stu@pulver.com. |
