Band-X Opens in Hong Kong

LONDON -- Band-X, the bandwidth exchange, today announced the opening of Asia's first online trading platform for IP transit capacity in Hong Kong. The first traders connected their networks to the exchange last week. The carrier-neutral Routed IP exchange, physically a cluster of Cisco routers, is a facilities-based sales floor for both buyers and sellers of wholesale IP capacity. For the first time, buyers and sellers are able to trade IP capacity in a flexible and cost-effective manner by connecting to the Band-X Routed facility, located in the Sino Favor Building in Chai Wan.

"We are pleased to welcome the first members of the Routed IP exchange and look forward to working with them," said Andrew Pang, executive vice president, Band-X Hong Kong. "The ability to trade IP anonymously and transparently on a carrier-neutral exchange is a win-win situation for all involved. It increases choice and flexibility for buyers and facilitates the creation of a truly level playing field for sellers."

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