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About: Trade exchange     Goto   Sponge   NotDistinct   Permalink

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An association of businesses formed for the purpose of trading with one another, using mutual credit to keep account. Typically the lead business will run the exchange, performing a brokering services and providing (or renting) an online marketplace for members to meet their reciprocal needs and register their transactions. Also known as Thousands of trade exchanges exist, some independent and some belonging to regional or global networks. The two most prominent associations for Trade Exchanges are IRTA and NATE (National Association of Independent Trade Exchanges).