RateXchange Corp. Deploys Additional Hubs to Allow Bandwidth Trading on 15 Routes

Information Superhighways Newsletter, August, 2000

Continuing its accelerated deployment of bandwidth delivery hubs, RateXehange Corp., a business-to-business (B2B) e-commerce exchange of telecommunications bandwidth, announced that six of the 14 delivery hubs it will deploy this year are fully operational for immediate delivery of one-month Spot and one-year Forward contracts on 15 different city-pair routes. On the 14 delivery hubs RateXchange will allow 91 city-pair routes, covering the majority of the competitive long-haul bandwidth corridors in the world, all part of the company's Real-Time Bandwidth eXchange (RTBX).

"Unlike other commodities, such as natural gas or electricity, the delivery mechanism didn't exist for bandwidth trading," said Paul Wescott, COO of RateXchange. "RateXchange was the first neutral party to commit to providing this delivery mechanism, and we are right on schedule in the deployment of Delivery Hubs and the development of out integrated trading system."

RateXchange now has operational delivery hubs located in New York City, Los Angels, San Francisco, Miami, Chicago, and Washington, DC. The Chicago Delivery Hub was deployed a full quarter ahead of schedule.