RATEXCHANGE CORP
S-1, EX-23.1, 2001-01-05
BUSINESS SERVICES, NEC
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                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

                                                                    Exhibit 23.1

As independent  public  accountants,  we hereby consent to the use of our report
dated November 9, 2000 on the 1999 and 1998 consolidated financial statements of
RateXchange  Corporation and to all references to our Firm included in or made a
part of this S-1 registration statement.

/s/ Arthur Andersen
San Francisco, California
January 4, 2001



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