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Awesome! I contacted I hub it to fix the news going under their quote, guess they just put the last on up but didn't fix the problem
More and more eyes are looking at this, only a matter of time now. New business, new leadership and more revenue coming in. I'm not to sure about the past but the future is looking very promising here, we should see .10+ real soon
TLPH NEWS OUT :Teliphone Corp. Completes First Phase of Teliphone Navigata-Westel Restructuring
Date : 12/05/2012 @ 10:14PM
Source : GlobeNewswire Inc.
Stock : Teliphone Corp. (TLPH)
Quote : 0.019 0.0 (0.00%) @ 5:03PM
Teliphone Corp. Completes First Phase of Teliphone Navigata-Westel Restructuring
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Alert
Toronto based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications companies has completed the first phase of restructuring of its recent asset acquisition, Teliphone Navigata-Westel, a wholly-owned subsidiary.
Teliphone recently acquired the core assets and operations of Navigata Communications 2009 Inc. through an acquisition company which will now operate as Teliphone Navigata-Westel. Under the restructuring plan, facilities are being consolidated and human resources are being rationalized to allow the company to immediately operate much more efficiently and provide better service to its clients. The restructuring will be seamless to its clients and partners.
Teliphone's President and Chief Executive Officer, Benoit Laliberté, stated, "We are very pleased with how the restructuring is progressing and we can already see the benefits of our actions. We believe our clients will immediately benefit from this revitalized company. We are also introducing a whole range of new and cutting edge telecommunications products. We expect that our plan will accelerate Teliphone's growth and result in a stronger company well positioned to meet the needs of a growing market."
About Teliphone Corp.
Teliphone Corp. is one of the world's local digital telecommunications companies providing voice, data, Internet and IPTV to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. This includes its British Columbia wireless microwave backhaul network, its Canadian Wavelength Fibre Optic Network, CLEC Operations, and its mutual CLEC/ILEC co-location facilities.
Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that Teliphone Corp expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed acquisition, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates. Except as required by law, Teliphone Corp does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Teliphone Corp
Sandra Parkinson
52 million revenue, how much profit.
Hopefully we will get a bit in e 8k
TLPH, This is the company we just purchased, Also research our new Chairman and Owner
John Warta's Experience
Chairman and Owner
Navigata Communications
Privately Held; 51-200 employees; Telecommunications industry
December 2009 – Present (3 years 1 month)
www.navigata.ca
Navigata Communications Ltd.
949 West 3rd Street Suite 121 , North Vancouver , BC , V7P 3P7 , Canada
www.navigata.com
Phone: 1-604-990-2000
Revenue: $52M
Industry: Videoconferencing Equipment
Employees: 128
SIC: Communications Equipment (3660)
NAICS: Other Communications Equipment Manufacturing (334290)
Description: Navigata Communications Ltd. provides telecommunications services. The company offers voice, data, and Internet solutions for businesses in Canada. It provides data services, such as Ethernet wide area network, IP VPN, and private line services; Internet services, including collocation, e-mail protection, Web and email hosting, Ethernet Internet, DSL Internet access, high speed Internet, Internet security, and Web conferencing; and voice services that comprise enterprise IP long distance and toll-free, calling card, audio conferencing, business lines and trunks, and enterprise voice PRI. The company also offers prepaid phone card services, as well as provides travel cards, teleconferencing, and ADSL services. In addition, it provides professional services, which include local access/wireless, tower/co-location, mapping, real estate, and IP/Internet, as well as transport/backhaul and network optimization. The company offers its voice, Internet, and data products through agents and dealers. Navigata Communications Ltd. was formerly known as RSL Com Canada and changed its name to Navigata Communications Ltd. in 2002. The company was incorporated in 1993 and is based in North Vancouver, Canada with additional offices in Ontario, Alberta, and British Columbia. As of August 30, 2001, Navigata Communications Ltd. operates as a subsidiary of Saskatchewan Telecommunications,
I just wrote the company, I'll post any response I get back from them
We will know once the 8-k is out, but I hope they don't as well
Company already has a book value of .11
So lets just hope for the best
I doubt it, this is not on many radars. If they get stuff sorted out, it will eventually get to where it should be. The OTC is full of companies with high revenues, but no profit. I want to start to see zero debt , money in bank to invest.
How are we paying for these new assests, Shares , cash in hand....
I just hope this dosnt get diluted.
I think most people are waiting on the 8-k, but by then most will have to chase the pps
On the nytex traders board the volume of minutes bought / sold is near zero... Are you sure Nytex is doing anything at all.
Or are they just not using / updating the board. The 10q should dhow what they are up to.
NYTEX will operate as a separate division within Teliphone and at current volumes could contribute over $25 million in annual revenue bringing Teliphone's total annual run rate revenue to approximately $31 million
Now factor in this and tell me where do you think this stock is headed?
HUGE MERGER FOR TLPH, they acquired a company with 52 MILLION IN REVENUE A YEAR PR and link to the companies income below, TLPH is at only .02 cents!!!!! With 63 million O/S that puts their EPS at just under 1 DOLLAR
Toronto based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications companies, has completed an asset purchase agreement through an acquisition corporation for the Core Assets, Operations and Network of Navigata Communications 2009 Inc.
Effective immediately, the acquisition company, a wholly owned subsidiary of Teliphone Corp., will operate under the trade name, Teliphone Navigata-Westel. Teliphone's Chief Technology Officer, Benoit Laliberte has been appointed as the President and CEO of both Teliphone Corp. and the subsidiary and will remain as CTO of both entities. Lawry Trevor-Deutsch, Teliphone's past President and CEO will remain with the company as a special advisor for business development and will oversee the public aspects of the corporation. With this transaction, Teliphone Navigata-Westel becomes one of Canada's largest independent facilities-based telecommunications operators.
The transaction includes all core assets, operations and network of Navigata Communications 2009 Inc. including its British Columbia wireless microwave backhaul network, its Canadian Wavelength Fibre Optic Network, CLEC Operations, and its mutual CLEC/ILEC co-location facilities. Components of the transaction may be subject to receipt of regulatory approval and certain contractual consents for the acquisition of certain of the assets.
Navigata Communications 2009, Inc. has changed its name to Cascade Divide Enterprises, Inc., which will continue to operate Next Layer, and On Call Wireless. As part of the sale to Teliphone, Teliphone will also have the use of the names Navigata, Westel and related trademarks of Navigata.
Financial details of the transaction will be released through a Form 8K to be filed with the US Securities and Exchange Commission within the prescribed period.
John Warta, Chairman of Next Layer stated, "We are impressed with the Teliphone team, and this transaction allows us to focus on growing Next Layer, Inc. and significantly improve our competitive position in the collocation business focused across Canada". This transaction creates a strong ongoing partnership with Teliphone Navigata-Westel.
Teliphone's outgoing President, Lawry Trevor-Deutsch stated, "The purchase of Navigata core assets and network will allow Teliphone to significantly improve its Western presence and operations that will result in Teliphone becoming a stronger national facility-bases telecommunications provider. We also believe that this will provide significant incremental value to our current shareholders."
About Teliphone Corp
TeliPhone Corp. is one of the world's local digital telecommunications companies providing voice, data, Internet and IPTV to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. TeliPhone is able to deliver more value added services to its customers at a lower cost than other suppliers.
About Navigata Communications 2009 Inc.
Headquartered in Burnaby British Columbia, Navigata is a BC-based, privately-held voice, data and broadband Internet provider with a 55-year history of helping businesses and communities find better ways to connect, collaborate, and communicate. Navigata supports over 6,000 businesses in Canada connect offices across Canada, in the USA and around the world with personalized, cost-effective voice and data communications solutions.
About Next Layer Inc.
Next Layer is a Data Centre and Collocation services provider located in British Columbia, specializing in data solutions for companies of all sizes. The company delivers secure and private access over its extensive National and Regional network. Maintaining strong operational and customer support, Next Layer enjoys a Gold-standard customer list, ensuring a highly flexible and scalable environment for new customers.
This transaction may be subject to legal and/or regulatory approval.
Navigata Communications Ltd.
949 West 3rd Street Suite 121 , North Vancouver , BC , V7P 3P7 , Canada
www.navigata.com
Phone: 1-604-990-2000
Revenue: $52M
Industry: Videoconferencing Equipment
Employees: 128
2012-11-27 23:04:58
Contacts - VIEW DETAILS
Vice President(s)
J. Gilbert, Vice President of Sales & Customer Service
Lori Jetha, Vice President, Marketing
Director(s)
Doug Muir, Director of Network Operations
Other
Jim Chisholm, Manager, Customer Solutions
Chief Executive Officer
Jim Pitt, Chief Executive Officer and President
http://www.insideview.com/directory/navigata-communications-ltd
I would like to know what the Nytex volume is, and if that side of the business is doing anything
Nothing appears on the NYTEX board.
With yesterdays PR about the acquisition TLPH should be 5-10 times the PPS it is at now IMO!
Teliphone Corp. Acquires Core Assets, Operations and Network of Navigata Communications 2009 Inc./Westel
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Alert
Toronto based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications companies, has completed an asset purchase agreement through an acquisition corporation for the Core Assets, Operations and Network of Navigata Communications 2009 Inc.
Effective immediately, the acquisition company, a wholly owned subsidiary of Teliphone Corp., will operate under the trade name, Teliphone Navigata-Westel. Teliphone's Chief Technology Officer, Benoit Laliberte has been appointed as the President and CEO of both Teliphone Corp. and the subsidiary and will remain as CTO of both entities. Lawry Trevor-Deutsch, Teliphone's past President and CEO will remain with the company as a special advisor for business development and will oversee the public aspects of the corporation. With this transaction, Teliphone Navigata-Westel becomes one of Canada's largest independent facilities-based telecommunications operators.
The transaction includes all core assets, operations and network of Navigata Communications 2009 Inc. including its British Columbia wireless microwave backhaul network, its Canadian Wavelength Fibre Optic Network, CLEC Operations, and its mutual CLEC/ILEC co-location facilities. Components of the transaction may be subject to receipt of regulatory approval and certain contractual consents for the acquisition of certain of the assets.
Navigata Communications 2009, Inc. has changed its name to Cascade Divide Enterprises, Inc., which will continue to operate Next Layer, and On Call Wireless. As part of the sale to Teliphone, Teliphone will also have the use of the names Navigata, Westel and related trademarks of Navigata.
Financial details of the transaction will be released through a Form 8K to be filed with the US Securities and Exchange Commission within the prescribed period.
John Warta, Chairman of Next Layer stated, "We are impressed with the Teliphone team, and this transaction allows us to focus on growing Next Layer, Inc. and significantly improve our competitive position in the collocation business focused across Canada". This transaction creates a strong ongoing partnership with Teliphone Navigata-Westel.
Teliphone's outgoing President, Lawry Trevor-Deutsch stated, "The purchase of Navigata core assets and network will allow Teliphone to significantly improve its Western presence and operations that will result in Teliphone becoming a stronger national facility-bases telecommunications provider. We also believe that this will provide significant incremental value to our current shareholders."
About Teliphone Corp
TeliPhone Corp. is one of the world's local digital telecommunications companies providing voice, data, Internet and IPTV to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. TeliPhone is able to deliver more value added services to its customers at a lower cost than other suppliers.
About Navigata Communications 2009 Inc.
10q is out. the first one filed is a mistake ( i assume) the ammendment is for our company
21% down based on what ?
Can't figure this thing out lol
All positive news and this ? >
Traweled through the 10q. Not much there, but a couple of observations.
Value of the company (a lot in goodwill) has been boosted by 5 million due to NYTEX. now about 8.5M or 0.15 per share.
No Nytex earnings reported as that we be in the jan - march earnings.
From its time in UAMA we knew the Nytex had decent cash on hand. I think thats hidden in the goodwill. we shall see in 3 months.
The biggest physical asset is the Nytex trading platform valued at about 2 mil.
Yes and hopefully that will send this bad boy north. Let's wait and see. Cheers mate
I expect the 10q out on Monday, which will hopefully include Nytex. The deal was done on the 31st Dec, so just inside the quarter. Should make for an interesting week.
wow... such a nice revenue news and pps at a level before news came out... what am i missing here?
Did not gain much today.. but eventually share price needs to raise considering the revenues we got.. let's see
This one is a turtle but definite gains.
Lots of selling and constant dropping here for having a 20 cent price target... It's done nothing but drop since i got in haha.
probably some newsletters followers are loading here and they will release it aftermarket in mails
Agreed Bal sometimes these take a day to really move lik
someone is loading Big here ,gonna move eod or gap in the am~
with the NYTEX acquisition they should trade in the 20 cents range ~
I agree; the ASK is thin and BIDS growing...ten cents looks like a given to me. jmho
exactly !!TLPH is setting for a move over 10 cents mark soon~
The pr and the 10K tell 2 very different stories. Talk about putting the best possible spin on the year.
Those numbers dont even include the NYTEX acquisition yet.
Teliphone Corp. Reports 2011 Year-End Results
GlobeNewswirePress Release: Teliphone Corp. – 39 minutes ago
-Adjusted net earnings rose to $501k, up from a loss of $192k in 2010
-Adjusted net income increased to $2 million or $0.05 per share, up from a loss of $590k or ($0.02) per share in 2010
-Total shareholder equity rose to $2.4 million or $0.06 per share (including a stock issuance of $470k) up from a deficit of $460k or $0.01 per share
TORONTO, Jan. 18, 2012 (GLOBE NEWSWIRE) -- Teliphone Corp. (OTCQB:TLPH.PK - News) the world's local digital telecommunications company announced the results for its year end September 30, 2011. This is the first report of annual earnings after the April 1, 2011 disposition of its majority-owned subsidiary, Teliphone Inc. therefore results are not directly comparable to prior periods.
Consolidated results net revenue for the year ending September 30, 2011 was $2,257,385 a 20-fold increase from year end September 30 2010. These revenues represent six months of operations after the disposition of Teliphone Inc. Accounting for discontinued operations from its former subsidiary Teliphone Inc., revenues were $4,694,393, up 0.7% from $4,663,201 in 2010. Consolidated net income from operations was $501,269 in 2011 up from a loss of $192,952 in 2010. Teliphone Corp. also recorded a one time net gain of $1,514,629 from the disposition of Teliphone Inc. and will retain ongoing revenues from the former subsidiary. The adjusted net income was $2,015,898 in 2011, up from a loss of $590,041 in 2010. Earnings per share in 2011 were $0.05 ($0.01 from operations and $0.04 from the disposition of Teliphone Inc.), up from a loss of $0.02 and the accumulated deficit was $224,852, down from $2,240,750 in 2010. Total shareholder equity in 2011 rose to $1,926,756 or $0.05 per share from a deficit of $435,694 or ($0.01 per share) in 2010. The 2011 figure includes $469,868 liability for shares to be issued. These shares were issued in September 2011 and adjusting for this, the shareholder equity was $2,396,624 or $0.06 per share.
Lawry Trevor-Deutsch, President and CEO stated, "In 2011 we worked hard to accomplish major restructuring of the company which has resulted in significant improvements to our balance sheet and net income and putting us in an excellent position for growth in 2012. In 2012 we intend to focus on both increased sales of our traditional offerings as well as the launch of an expanded line of services for both business and consumers. We also intend to reduce our cost base by shortening our supply chain and re-negotiating supply agreements. Along with the acquisition of the New York Telecom Exchange (NYTEX) in December 2011 and the expansion of our telecommunications infrastructure, Teliphone Corp. is now poised for growth in all three major areas of telecommunications; wholesale, commercial and retail."
About Teliphone
Teliphone Corp. is the world's local digital telecommunications company providing Internet, voice, IPTV, digital content and data services to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. Teliphone is able to deliver more value added services to its customers at a lower cost than other suppliers.
NYTEX is an international telecommunications commodity exchange which uses a proprietary algorithm which commoditizes international telecommunications minutes. NYTEX also developed the concept of trading of blocks of minutes and when used in conjunction with the algorithm allows minutes to be traded like any other commodity as in other mercantile exchanges. NYTEX provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators and acts as the central clearing house to all exchange-traded transactions therefore ensuring the delivery and fulfillment of these transactions. NYTEX has data centers in Montreal (NYTEX), London (LondonTelex) and Brussels (Europe Telecom Exchange).
Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that Teliphone Corp. or New York Telecom Exchange Inc. expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed acquisition, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates. Except as required by law, neither Teliphone Corp. nor the New York Telecom Exchange Inc. intends to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Lawry Trevor-Deutsch
President, Teliphone Corp.
Tel: +1 514 313 6000
info@teliphone.ca
VERY SOLID NEWS out $$$ 0.06 shareholders equity~
Looks like solid company... with turnaround revenues.. good luck folks
Sleeping monster. Huge things are coming
Lawry Trevor-Deutsch, CEO of TLPH/NYTEX: Mr. Trevor-Deutsch is a regular consultant to the World Bank in the area of project feasibility and implementation. He is frequently an invited speaker to conferences, colleges and international delegations and maintains Secret-level security clearance with the Canadian Government. He has considerable international experience, having worked in Europe, Africa, Taiwan and the Caribbean. Mr. Trevor-Deutsch is a business development consultant with 17 years of experience, specializing in strategic planning, technology development and government relations. He is associated with consulting firms across Canada and has served on the Boards of Directors of a number of professional and not-for-profit associations.
CONTACT: Lawry Trevor-Deutsch
President, Teliphone Corp.
Tel: +1 514 313 6000
info@teliphone.
Nothing but beautiful clear $kies ahead. No brainer !!
Hey guys, this looks interesting. I see some people are claiming this to be a scam. Can someone explain how this can be a scam? From the PR it looks like it should only go up. Also, why isn't the PR on the ihub page for this stock? TIA
that what made them bring it fast :)thx
That makes two of us..
i requested it last night :)
TLPH is listed on stockcharts now.
http://stockcharts.com/freecharts/gallery.html?TLPH
Real company Real Assets Low float.....as cramer would say buy buy buy
Teliphone Corp Acquires the New York Telecom Exchange Inc. Assets and Operations for $5 Million in Stock
Date :01/11/2012 @ 8:00AM
Teliphone Corp (OTCQB:TLPH) the world's local digital telecommunications company is pleased to announce that it has signed a definitive agreement for the acquisition of all the operations, technology and intellectual property of the New York Telecom Exchange Inc. (NYTEX), the world's first neutral international telecommunications commodity exchange for USD $5 million in an all stock transaction. New York Telecom Exchange Inc will receive a total of 20 million Teliphone common shares at $0.25/share.
NYTEX will operate as a separate division within Teliphone and at current volumes could contribute over $25 million in annual revenue bringing Teliphone's total annual run rate revenue to approximately $31 million.
The exchange will continue to operate under the name "The New York Telecom Exchange" (NYTEX). The transaction includes all world wide operations and infrastructure of NYTEX including NYTEX's UK London data center (LondonTelex) and its European data center in Belgium (EuroTelex).
In 2011 approximately 200 million minutes were bought and sold on the NYTEX platform with a value of approximately 30 million dollars (bought and sold). In December 2011 NYTEX reached 32 million minutes bought and sold for a value of approximately 4.4 million dollars.
Lawry Trevor-Deutsch, President and CEO of Teliphone stated, "We believe that the acquisition of NYTEX's operations by Teliphone is a natural fit for the company and will bring very good value to shareholders through the synergy of being able to provide both wholesale and retail telecommunications operations to our clients and by reducing costs through shared overhead."
About NYTEX
NYTEX was launched in June 2009 and uses a proprietary algorithm which commoditizes international telecommunications minutes. NYTEX also developed the concept of trading of blocks of minutes and when used in conjunction with the algorithm allows minutes to be traded like any other commodity as in other mercantile exchanges. NYTEX provides a trading platform for wholesale carriers, mobile and fixed network operators and retail operators and acts as the central clearing house to all exchange-traded transactions therefore ensuring the delivery and fulfillment of these transactions. NYTEX has a number of proprietary value added features such as an integrated US Dollar and Euro trading floors which eliminates currency risk, an anti-false answer supervision system and tTrader, a direct trading option. With data centers in Montreal (NYTEX), London (LondonTelex) and Brussels (Europe Telecom Exchange), NYTEX aims to create a new economy based on telecommunications trading.
About Teliphone
TeliPhone Corp. is the world's local digital telecommunications company providing Internet, voice, IPTV, digital content and data services to business, government and residential customers. Teliphone operates a Canadian coast to coast network with its own national infrastructure and its voice and IPTV services are also available in 47 countries. TeliPhone is able to deliver more value added services to its customers at a lower cost than other suppliers.
CONTACT: Lawry Trevor-Deutsch
President, Teliphone Corp.
Tel: +1 514 313 6000
info@teliphone.
NYTEX site:
http://www.nytexus.com/index3.html
8-K filed
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8331814
TLPH is going to be HUGE >> http://www.nytex.net/index2.html
US trading floor + EURO trading floor
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Since the first overseas long distance call more than a hundred years ago, the industry has relied on bilateral agreements between network operators and international carriers in order to set prices for each terminating minute of international long distance traded between Network Operators, In-Country PTT's and Service Providers. The result is different prices for different call qualities between different buyers and sellers providing hundreds if not thousands of different prices for call termination to the same unique destination.
The root of these price discrepancies is found in bi-lateral agreements between Network Operators and International Carriers that have been the standard for setting prices in the market. This has in turn spawned an entire industry of by-pass routes and gateway operators to provide alternatives to non-carriers for in-country call termination.
This has resulted in extreme market inefficiencies, increasing prices due to hundreds of intermediaries in the demand and supply of an international call- each intermediary introduces a price increase, financing risk, technical risk due to multiple intermediary delivery points reducing call quality while increasing its price.
NYTEX is the new standard to which all destinations will have their price for call termination based on market supply and demand. NYTEX permits the monitoring of price fluctuations based on market forces providing one single reference price, at a reference quality, for each destination.
It is no surprise that commodities such as oil, gold and wheat trade globally on internationally recognized commodity exchanges that permit buyers and sellers to exchange them with accurate knowledge of price and market fluctuations within a neutral, financially secure and stable exchange such as the New York Mercantile Exchange (NYMEX)TM.
A minute of call termination is as much a nation's commodity as its wealth of precious minerals and oil- its demand and supply can be predicted due to such factors as population growth and phone penetration rates amongst the population. As demand for termination of call minutes increases due to increasing numbers of phone subscribers, supply will follow as Network Operators will expand their networks to accommodate this growth. New Network Operators will purchase licenses from countries in order to operate their services within the country- these elements will all contribute to increasing demand to reach people within the country, and their respective demands to reach people outside of their country.
Supply issues, much like with that of oil, also exist- as the country permits additional Carriers and gateway operators to operate in their country, supply of termination in that country will increase- just as major network outages will cause sudden decreases in supply- markets react and prices rise and fall.
The population of a country owns their call termination resource and entrust their governments to maximize the value of this resource and manage it as best as possible to the benefit of the population. International call termination becomes a predictable resource that governments can in turn utilize to finance their budgets through adequate taxation to carriers terminating in their country. NYTEX provides a neutral place for them to reference the real value of their resource and to sell those resources on the exchange within a safe, secure and internationally recognized framework.
To date, trading of telecommunications minutes has occurred when a buyer and a seller collectively agree on a price and quality specification between them and when both conditions of price and quality are met, the minutes flow through each trading partner. A change in price from the seller, for example, occurs through communication of rate amendments to the buyer, in which case, if approved, the price will change as per the new amendment. However, during this process the quality of the seller's route may decrease to a point unacceptable to the buyer, traffic is routed away or worse, traffic is blocked due to a technical problem at the seller resulting in dropped and poor quality calls.
NYTEX, through its advanced routing systems, monitors call quality and immediately updates and modifies call routings between buyers and sellers in order to maintain target qualities- should call reference quality cease to be delivered from a seller, for example, NYTEX will route the buyer's calls on a blending of additional routes such that the buyer maintains the reference quality. The blending of routes creates a change to the trading price, and if this price is above that of the buyer's BID, then the traffic is shut off, and the buyer is notified that they must increase their BID in order for traffic to continue to flow.
The same concept works on the Seller's side- if other sellers enter the market and are offering adequate quality at a lower price, the seller will see their traffic reduce and will be asked to update their ASK price should they wish to continue to transit traffic on their route.
Buyers and Sellers can trade on either the Spot market, or may conduct block (fixed price) trades.
As in the examples provided above, the market price fluctuates and as long as the market price is below that of a buyer's BID, or above that of a Seller's ASK, then traffic will flow. NYTEX clearing calculates a settlement based on minutes bought and sold at the market price and either debits or credits the buyers and sellers accounts with both minutes delivered / purchased and funds collected / spent. This is known as the NYTEX Spot Market and represents the flow of minutes at changing prices.
Note that on the Spot Market, buyers and sellers transact minutes and funds at the market price, and hence, if there is a decrease in the market price and call traffic still flows between buyer and seller due to adequate BID and ASK floors and ceilings, their respective accounts are debited at the market price and not at their respective BID and ASK price. This, known sometimes as a "Price Improvement", is always to the benefit of the trading partners and not the exchange.
NYTEX introduces the concept of the Block trade, that is, a fixed volume of minutes (always at the reference quality) at a fixed price. Once a block trade is consummated between a buyer and a seller, all minutes in the block are delivered at the Block trade settlement price irrespective of the market price.
NYTEX utilizes best of breed software, hardware, routing technologies and algorithms in order to ensure that minutes purchased and delivered occur at the reference quality for each destination market. Buyers and Sellers can feel confident in the capacity, redundancies and robustness of the NYTEX platform to deliver their trades on a timely basis. (Technology Partnerships- Quintum, Cisco, etc…)
Corporate Partner: Cambridge Mercantile Group
Cambridge Mercantile Group provides foreign currency exchange services in over 130 global markets including purchase, sales forward contracts , foreign currency drafts and electronic and wire transfers. For over 10 years, with offices located in Canada, the United States and the United Kingdom.
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