ExchangingThoughts onthe Exchange
May 1, 2000
IN-BOX
Exchanging
Thoughts on
the Exchange
I was interested to read your recent article “Communications Breakdown” [in the Feb. 21 CompTel Daily on bandwidth exchanges]. You come to the same conclusion I did a year ago; all the proposed “exchanges” are not commodity exchanges at all.
Your observations are mostly correct except that regulation is not necessary to have a bona fide commodity exchange. There are vibrant functioning OTC markets in electricity, oil, pollution credits, industrial metals, rubber, etc. … The most significant characteristic of these markets is the creation of structure and standardization of trading terms. Only with these elements can markets truly grow.
With this in mind, we created Commerex.com and the Communications Clearing House Association (CCHA) a year ago. Commerex is a business-to-business e-commerce vertical hub for telecommunications. You may not have heard of us, but most of the top 50 telecom companies know us and have demonstrated keen interest in doing business on our platform.
Commerex.com was created by a mixed team of Wall Street trading and telecom professionals. It is a pure e-commerce exchange, modeled after the Chicago commodity exchanges and utilizing fully interactive trading software.
I invite you to investigate us. I believe you will find that the Commerex.com platform is truly the pure commodity exchange that the telecom industry needs.
Richard W. Kates
CEO
Commerex.com and Communications Clearing House Association
+1 212 485 1410
[email protected]
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