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Last Post: 12/18/2017 7:26:28 AM - Followers: 39 - Board type: Free - Posts Today: 1

 (UAMA)  United American Corp changes name to NEW YORK TELECOM EXCHANGE, INC.

The New York Telecom Exchange, Inc. (NYTEX)'s mission is to organize the world's 400 billion minutes of international telecommunications traffic through the provision of a constant market valuation of each minute based on its terminating location.

Telecoms online stock exchange Nytex launched officially at ITW. It is designed as an independent clearing house for voice minutes,
acting as an online stock exchange that sets market prices for minutes across any route in the world based on supply and demand at a
reference quality. And while the exchange has been greeted with some scepticism by some old hands, its CEO Lawry Trevor-Deutsch
could not have been more pleased with the reception it received at ITW. "It's exceeded our expectations," he said. "We thought if we could
sign up a couple of dozen customers we'd be thrilled, but we've signed up 70 accounts with another 30 or 40 to come. We've even had
offers to invest in the business."

                                                                                                                   NYTEX @ Facebok  New York Telecom Exchange, Inc | Facebook

Corporate Brochure:

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.

How NYTEX works:

Fluctuating market prices- the BID and ASK 

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.

The Spot Market and the Block Trade

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.

Telecommunications Technology at the heart of NYTEX 

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.

January 11, 2011: New York Telecom Exchange Inc. (NYTEX) Launches tTrader™
The Smart Way to Exchange Traffic Directly

Video about New York Telecom Exchange, Inc. (NYTEX)

                                                                                          What is NYTEX?
                                                                                                               UAMA is also the parent company of teliPhone , Inc
Nytex aims to be an independent clearing house for voice minutes, acting as an online stock exchange that sets market prices for minutes
across any route in the world based on supply and demand at a reference quality. The market price will fluctuate due to market forces such
as cable cuts or new competition entering a particular country market, but it will be available to all rather than negotiated among the few. In
four months of beta testing, carriers have traded 100 million minutes across its platform, Nytex says, and two major European carriers are
early customers on the live exchange.
Nytex has devised an algorithm that creates the market price by blending all supply routes to individual destinations. The algorithm
automatically directs a buyer's traffic to a destination along the cheapest route that can provide the reference quality. If the amount of traffic
starts to choke the route and quality falls, the algorithm fails over, continuously adjusting the routing to a second or more routes, and the
price naturally drifts higher as demand rises. Prices on the exchange are updated every 60 seconds in response to trading activity. Buyers
put a ceiling on the price they are prepared to pay for termination and all the while the market price remains below this, they have the
opportunity to save money.
There are no upfront fees for joining Nytex - the exchange rolls any clearing fees into the market price - so buyers and sellers can opt in
or out whenever it suits them. In a blended model, buyers don't have visibility of who delivers their traffic but Nytex's Lawry Trevor-Deutsch
maintains that the model "will always come out with a better price and higher quality than a buyer can get from one individual seller". Any
carrier can sell on the exchange as long as they provide the right quality, levelling the playing field for smaller carriers. Trevor-Deutsch says
the losers in the market will be traffic aggregators, whose infrastructure will no longer be needed to transit traffic or to take on the risk of
matching buyers with smaller sellers.
Nytex will benefit from partnering with exchanges that already have interconnection and settlement capabilities rather than having to
build out Epsilon-style pooling points to underpin its trading platform or to take on settlement risk. Many industry watchers believe that the
writing is on the wall for the fee-based model, so having Nytex as a partner, able to provide an alternative trading model, would make sense
for exchanges that want to be at the leading edge. Nytex would also bring to a partner the ability to trade in euros as well as dollars,
hedging against exchange rate fluctuations through Cambridge Mercantile. The hedging is invisible to buyers and sellers but means all
settlements are fixed at the time of trade.
Trevor-Deutsch believes that Nytex will be a disruptive platform in the industry but one that will be a force for good. "A country can go
online in our public exchange and see their communications traffic as a resource that can be traded for cash," he points out. "Once you
equate telco minutes to a commodity, you have a new ability to underwrite it and trade it as a natural resource - this will open up a whole
new opportunity for companies and countries," he says.

The New York Telecom Exchange (NYTEX) Announces Deployment of its Proprietary Real-Time False Answer Supervision (FAS) Prevention System. 

tFraud™ is a breakthrough technology and is available immediately to all NYTEX trading participants, who can now virtually eliminate fraudulent calls from their networks.

Montreal, Canada, May 4th 2011 - New York Telecom Exchange, Inc. (NYTEX) (OTC Pink:UAMA), the world's first neutral international telecommunications commodity exchange today launched its proprietary real-time False Answer Supervision (FAS) Prevention System: called tFraud™. This fully automated FAS recognition system virtually eliminates the possibility of fraudulent calls for companies trading on the NYTEX platform.

The real innovation behind tFraud™ is that it identifies and eliminates FAS before the fraud occurs rather than simply reporting FAS after it happens. This means that there is no need to dispute, correct and adjust for FAS after the fact since the FAS will never occur in the first place.
FAS occurs when the calling party:

  • is charged for a completed call, even though the call did not actually connect.
  • is charged for a completed call with no or partial audio.
  • is charged for a call set-up time rather than actual conversation time.
  • is charged for a fraudulent attempt to route traffic to an automated messaging platform.

Incidents involving FAS are increasing rapidly and are now a major problem in the global industry costing it millions of dollars annually. The main markets affected are those with high termination rates and heavy competition. Finding the source of the fraudulent behavior is time consuming and near impossible, as carriers resell routes from other suppliers, often in long chains. These fraudulent calls are normally blended with real traffic making detection more difficult using statistical methods. Sometimes, FAS is not due to malicious behavior, but poorly configured equipment, often used in international bypass gray market.

Responding to the well publicized concerns of the Global FAS Forum, whose membership includes the world's leading international carriers, NYTEX developed the FAS prevention system to identify and eliminate up to 85% of fraudulent calls. NYTEX's unique position as a neutral exchange between carriers, guarantees an impartial determination. NYTEX's real-time billing and clearing system automatically updates the billable calls with this information and guarantees that Buyers will not be charged and Sellers will not be paid for these calls.
According to NYTEX President and CEO Lawry Trevor-Deutsch, "We are proud to be at the forefront in the battle against fraudulent and costly call behavior in the international voice market. We have listened to the industry and responded with a state-of-the-art solution. NYTEX believes that it is important to ensure that market participants have confidence in the traffic they trade. This new system ensures the integrity of our trading platform and shows our commitment to wipe out FAS from the industry." 

Share Structure: 

A/S 200,000,000

O/S 105 627 417

Restricted 54 547 432
Approximate Float: 24 million


Chairman of the Board  
President / CEO  Lawry Trevor-Deutsch
Chief Financial Officer George Metrakos
Chief Technology Officer and Founder of NYTEX  Benoit Laliberte
Head Market Maker  Richard Kessler
Product Development  Benjamin Lawetz
Network Operations Center  Maxime Brazeau
Clearing House  Denis LaManna

Transfer Agent:
Interwest Transfer Co., Inc.,
Salt Lake City, UT 84117
(801) 272-9294

24 hour Network Operations Center  Tel: 1-212-738-0759 ext: 0
Floor Market Maker & Specialist Tel: 1-212-738-0759 ext: 1   
Compliance Department  Tel: 1-212-738-0759 ext: 2
Corporate Finance and Accounting  Tel: 1-212-738-0759 ext: 3
Division of Enforcement  Tel: 1-212-738-0759 ext: 2
Nytex Clearing Tel: 1-212-738-0759 ext: 4  
General Information and Enquiries  Tel: 1-212-738-0759 ext: 2 
Hours of Operation:
NYTEX trade clearing occurs 24 hours per day, 7 days per week, 365 days per year.
Its trading activity is divided into daily sessions with the open of trade day as 0:00:00 GMT and close as 23:59:59 GMT.

Head Office:

194 St-Paul West, Suite 303
Montreal QC  H2T 1Z8

Toronto Office:

6299 Airport Road, Suite 307
Mississauga ON  L4V 1N3

United American Corp's old website:


The information contained within this iBox including web links, copied information, and any other associated messages/media (hereinafter collectively referred to as "Information") is provided for informational purposes only. The Information should not be construed as investment/trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold NEW YORK TELECOM EXCHANGE, INC. (UAMA) stock.
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#1639   The development website has its first push to fromtheuk 12/18/17 07:26:28 AM
#1636   Look at the history. Had the law WirelessSage 12/13/17 12:20:09 PM
#1635   That’s assuming they even attempted to file, I fromtheuk 12/08/17 02:56:30 PM
#1634   Got it, and yes, there are likely other buylowbig 12/08/17 11:44:12 AM
#1633   Sry, my ;) was a wink... yes convicted, fromtheuk 12/08/17 11:14:17 AM
#1632   Not alleged, he was convicted and paid a buylowbig 12/08/17 11:06:54 AM
#1631   Alledged ;) .... maybe.. anyone not following his fromtheuk 12/08/17 09:40:36 AM
#1630   I'm concerned that SEC filing still hasn't happened: buylowbig 12/08/17 09:17:24 AM
#1629   Its worth noting that the long term plan fromtheuk 12/08/17 06:47:17 AM
#1628   Just had to share this... fromtheuk 12/06/17 08:56:52 PM
#1627   Story continues to get more and more interesting. greenwillow 12/06/17 01:41:33 PM
#1626   Less than 90K ASK shares showing below $.15. buylowbig 12/06/17 01:33:30 PM
#1625   Yes... IF...... it goes ahead, and they sell fromtheuk 12/06/17 12:55:07 PM
#1624   This is huge then! buylowbig 12/06/17 12:46:22 PM
#1623   Forget to mention Nytex, i think thats ours fromtheuk 12/06/17 12:41:13 PM
#1622   Ipcs is UAMA fromtheuk 12/06/17 12:34:58 PM
#1621   Thank you for detailed replies. When you write buylowbig 12/06/17 12:19:08 PM
#1620   Its worth mentioning, if you want to read fromtheuk 12/06/17 11:57:26 AM
#1619   BVI simply means British Virgin Islands... there are fromtheuk 12/06/17 11:44:27 AM
#1618   Please explain how the value of BVI-based Internet buylowbig 12/06/17 11:11:04 AM
#1617   ETH value around 458.. 35Gigas per ETH make fromtheuk 12/06/17 06:55:03 AM
#1616   Lots of changes, and looking like the launch fromtheuk 12/06/17 06:46:53 AM
#1615   Thx! buylowbig 12/04/17 12:23:29 PM
#1614   When the giga sale does get going, we fromtheuk 12/04/17 10:15:02 AM
#1613   Just did some basic maths.. fromtheuk 12/04/17 09:28:11 AM
#1612   Thanks for the reply. Another thing I wanted buylowbig 12/04/17 09:13:37 AM
#1611   Declared in PR, not a requirement, but they fromtheuk 12/04/17 08:58:06 AM
#1610   Thanks for your DD fromtheuk. Only thing I buylowbig 12/04/17 08:37:57 AM
#1609   In the latest PR, the desription of UntedCorp fromtheuk 12/02/17 12:26:31 PM
#1608   Reading the newer content, they seem to be fromtheuk 12/01/17 08:09:31 AM
#1607   DevDenis has s abailable again, and there is fromtheuk 12/01/17 05:43:37 AM
#1606   Well the Devdenis site now has a nice fromtheuk 11/30/17 01:47:33 PM
#1605   Something else I spotted, and read up on. fromtheuk 11/29/17 06:07:03 PM
#1604   Have a quick look at fromtheuk 11/29/17 04:43:21 PM
#1603   Wow.. never saw this one comming... fromtheuk 11/29/17 04:29:11 PM
#1602   Wow.. never saw this one comming... fromtheuk 11/29/17 04:29:09 PM
#1601   Nice dd fromtheUK! Chart looks strong, with very buylowbig 11/22/17 01:32:22 PM
#1600   Lol. Interesting. looks like things are greenwillow 11/22/17 01:13:37 PM
#1599   And just for fun, fromtheuk 11/21/17 01:50:41 PM
#1598   Pretty sure now this is a new site fromtheuk 11/21/17 01:33:20 PM
#1597   Amazing find fromtheuk, always top notch dd greenwillow 11/21/17 01:26:02 PM
#1596   Found something, and if its what i think fromtheuk 11/21/17 12:56:02 PM
#1595   It’s the CRTC judgement that’s important. TelUS, Shaw fromtheuk 11/18/17 05:42:05 AM
#1594   Telus submits TNW not a carrier and ineligible. WirelessSage 11/17/17 07:08:23 PM
#1593   Telus submits TNW not wireless carrier and ineligible WirelessSage 11/17/17 07:06:32 PM
#1592   As far as I can tell, the bankruptcy fromtheuk 11/16/17 09:18:02 AM
#1591   What's status after bankruptcy and CRTC denial? Do WirelessSage 11/16/17 03:32:09 AM
#1590   Fb, the thorn in snaps side. Interesting perspective. greenwillow 11/15/17 12:30:20 AM
#1589   Had a thought, sort of half posted it fromtheuk 11/14/17 08:12:20 PM
#1588 Mxed bag on this one. Eff fromtheuk 11/12/17 08:43:43 PM