Transcript NGA Needlecraft

JON Exchange
Today’s network
KCom
Openreach
Virgin
Media
Tomorrow’s patchwork – Today!
Angus Glens
Cardenden
Alston
Fibrecity
Dundee
Hull
WWHC
Baltic
Quarter
KCom
Openreach
Virgin
Media
Derby
Lace
Market
Cornwall
Bristol
2012
Quintain
Bradnet
Corby
The “Big 6” ISP’s have
more than 90% of the UK
market
Scale Matters!
The Big ISP’s. . .
This works!
… for them at least
This doesn’t!
… for them or anyone
This could!
… for everyone!
This could!
Joint Open Network Exchange
… for everyone!
JON Exchange
•
•
•
•
Manchester
Oxford Road
1 market-place
1 set of interface specifications
1 set of tradable assets
FibreSpeed
No controlling interests
Gateshead
Gti
Open
Marketplace
DurhamNet
• Meeting place for
– Middle-mile services
– Peering & transit
– Backbone connectivityBMEX
– Managed platforms
NYnet
Digital
Region
Two key words
Liquid
adj (finance)
fluid: in
or
Fungible
(law) of goods
orcash
commodities;
freely
easily
convertible
exchangeable
forto
orcash;
replaceable by
another
like nature
"liquid
(oroffluid)
assets"or kind in the
satisfaction of an obligation.
Past attempts
• Failed to identify tradable fungible assets
– Bandwidth is not fungible
• Tried to create secondary markets without a
primary spot market
– Future bandwidth trading needed a primary spot
market
An Open Market
• Duct
A metre of sub-duct
• Dark FibreA
metre of unlit fibre
Fungible
& Liquid
Passive
• Standards adopted from COTS & NICC
• Maintenance & evolution by market members in
• Wavelength
A specific lambda
line with standards
bodies
Active
• Layer 2
An ALA VLAN
ALA: A break from the past
Content Delivery
New Media
Networks
Public
Services
Games
Services
on Demand
Remote Internet
ISP
Email
Web
Voice
IP Access
Local Network
BT Provider – BT, Fibrecity, Eurofiber, Onestream. . . .
Line Access
Line Access
Customer
Wholesale Model
Service
Provider
•
•
•
••
The
Market
Network
Provider
The Market
will log“contracts”
transaction information
Pro-forma
market
• For
Offer
&Ofcom
buy price mechanisms
• For the Ombudsmen
Settlement
system leading to a market set “spot price”
Seeking to
create an open & fair telecoms marketplace
Standard
interface
Thoughts on a secondary market
Capacity
Supply-side
Planning
=
Future
Demand-side
Option
Forward dated contracts to buy network services
• NHS tele-care patients, LEA school children, housing
associations, communities
• Network builders could take the contracts as anchor
tenants and collateral
Summary - Why this can work
• Fungible assets
– Not based on bandwidth
– Metre of duct, metre of dark fibre, a wavelength, a
VLAN
– Each asset is sufficiently homogenous to compare,
and different enough to generate market choices
• Liquidity
– European scale
– Transition conditions until experience & scale are
sufficient
– Market operation will lead to a fluid, fair market
Summary - Next Steps
• Trading Platform
– Interface system
– Trading & settlement
• Technical/Operational Standards
– NICC & BSG/COTS
– INCA
• European Governance structure
Aiming for operation in Q4 this year
Thank you!
Adrian Wooster
[email protected]
www.jon-exchange.net