Peering is the exchange of traffic between ISPs and content providers. In order to settle the terms to which this exchange takes place, ISPs and content providers use peering agreements that often do not include an exchange of money. This helps to reduce the costs of IP Traffic in a significant way. One of the largest costs facing any ISP and content providers nowadays are the upstream capacity costs of connections. Peering arrangements at an Internet Exchange reduce the need to send IP traffic through a bandwidth upstream provider. One single connection to an exchange point (such as MyIX) may reduce the need for multiple connections. Here at MyIX, members are easily able to connect up with each other and enjoy the full benefits of peering. Every member at MyIX is in the position to peer with all other connected ISP's and content providers.