Category:
For BBX Members
BBX acts as a clearing house for the trade of excess capacities, goods and services through a combination of online e-commerce, transaction processing and independent licensees.Rather than promoting direct trade between participants BBX brokers trade through a global trade platform.
- Transactions are recorded in a centralised “ledger” which records the value of the items purchased (debit) and sold (credit) – much like a clearinghouse does for stocks, or a commercial bank does for cheques.
- This ledger system utilises a “BBX pound” as a method of accounting:1 BBX Pound = £1.
- Just like a brokerage firm, BBX receives a commission on each transaction.





