dc.internet.com/news/article.php/387951
By dc.internet.com Staff June 5, 2000 The Global TeleExchange (GTX) is teaming with Bank of America to use the giant financial institution's global electronic banking system as part of a real-time telecom exchange. The agreement will enable expedited settlements for wholesale telecommunications transactions executed on Internet-based trading floors and delivered over next generation switching equipment from Lucent. Bank of America's global network guarantees that trading members have access to a local banking presence. Because the system allows for real-time banking, the GTX can give its members credit for any transaction. Using Bank of America's systems, the GTX can guarantee financial anonymity to its trading members. When carriers establish accounts with the exchange, the information entered will be linked to a neutral account number. This neutral number is the only identification Bank of America will use to track funds and transactions for a particular account. The McLean, Va.-based GTX operates a full service, business-to-business Internet-based exchange through which telecommunications companies can buy and sell products and services. The GTX created the Virtual Real-Time Exchange (VRTX), to facilitate anonymous, real-time trading of minutes and bandwidth intensive applications among telecom carriers. Additional online broker-assisted trading floors enable telecom companies to post, view, buy, and auction bandwidth and co-location at competitive rates 24 hours a day. The exchange is located at http://www.thegtx.com.
|
Legal Notices, Licensing, Reprints, Permissions, Privacy Policy.
Advertise | Newsletters | Shopping | E-mail Offers | Freelance Jobs 