Monday, March 14, 2011 9:43:17 PM
The New York Telecom Exchange
In October 2008, Laliberté created the New York Telecom Exchange Inc. (NYTEX) which was based on the principles of a traditional commodity exchange. NYTEX was incorporated in the State of New York and Laliberte became its Chief Technology Officer. He commoditized international termination, creating a reference quality for each market. This allowed telecommunications to be traded like oil or any other commodity with multiple and anonymous buyers and sellers on a neutral electronic platform.
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