Overview To buy or sell a taxi licence firstly a buyer or seller must contact an approved BSX Taxi Market Broker ("Broker"). The Broker will work with their client to complete the transaction on the BSX Taxi Market ("Market") .Initially the Broker will also ensure that the client meets all requirements to be eligible to transact on the market. All brokers have undergone a training program which ensures they are have a strong knowledge of the market. The Market is divided between the segment for the recording of transfers of the Taxi Licences and the segment for the Assignments of Taxi Licences. In both segments potential buyers and sellers will be able to view historical transactions and the current Transfers and Assignments for sale. Within each of these segments there are two methods by which the transfer of taxi licences and assignments are transacted on the market. The first is a 'directly negotiated deal'. In this case the buyer and seller negotiate terms and then contact a broker(s) to report the transaction through the market. The second method is a 'market deal'. This method utilizes the mechanics of the market to match the buyer and seller.