Arbinet is the leading electronic market for trading, routing and settling ommunications capacity. Members of the exchange, consisting primarily of ommunications service providers, anonymously buy and sell voice calls and nternet capacity based on route quality and price through its centralized, fficient and liquid marketplace. Members place orders through a web-based nterface. Its fully automated, highly scalable trading platform matches these rders using proprietary software and delivers them through state-of-the-art acilities.