We've had an obsessive focus on providing solutions for the wholesale minutes business because we believe this is where we can add value for our members today. In light of today's challenging telecom market, the value proposition of our service has been adopted by more and more carriers striving to strengthen and enhance their wholesale minutes business. So much so, in fact, that Arbinet-the x change has seen membership and adoption of the x change skyrocket. We've had tremendous success. Since joining Arbinet-the x change six months ago, we have saved close to one million dollars.
Sellers benefit from the ability to sell capacity and manage their risk exposure.
They can sell excess network capacity and receive prompt payment, which is crucial at a time when many carriers are defaulting and leaving sellers holding the bag. Many have altered their business model several times in attempts to forecast market direction. Our automated wholesale distribution platform helps solve the two biggest challenges in the telecom industry today, weakening revenues and inefficient cost structures. The market agrees and the result is the first real liquid exchange for telecommunications capacity. The x change is neutral, favoring neither buyers nor sellers, and allows participants to trade anonymously.