Method and system for global telecommunications network management and display of market-price information

Abstract

A system and method for flexibly routing telecommunications in an efficient manner using resources that are traded in a market are disclosed. In a preferred embodiment, service providers and requesters submit service offers and requests to a server node. Offers and requests may be submitted automatically by a telecommunications node programmed to dynamically monitor current volume and sell or buy telecommunication time or bandwidth on the basis of the actual and predicted demand. The server node administers all aspects of the trades and the resulting changes in global network operations, hilling, and settlements. When a buyer wishes to use telecommunications resources it has purchased, it may pass supervision to a local telecommunications node, which may establish transmission using the purchased telecommunications resources. Particular SS7 codes, C7 codes, C5 codes, IN codes, or other data messages may be used to inform a switch in the routing path that an incoming telecommunication transaction is in transit to a different location, and is not for termination at the location of the switch so that terminating traffic may be distinguished from transit traffic. In a preferred embodiment the system is capable of displaying market-price information related to the supported telecommunications routes to prospective sellers and buyers.