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The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) will launch its ticket exchange website on January 6.

People who have bought tickets for the event but no longer want them will have just less than a month to sell them via the site.

However, only those who bought the tickets in the first place will be qualified to sell them, and they can only be sold for the price they originally paid.

People whose tickets don't sell by the closing date of February 3 will have to wait until April for another shot at it. In the interim, the tickets will sit tight in the seller's account on the website.

There are still some tickets to be sold for the first time for football and Paralympics events. These are being sold to coincide with revelations of how many people the venues can hold.

Speaking before Christmas, LOCOG CEO Paul Deighton said that the exchange website had been designed to aid people who had bought tickets before later finding they wouldn't be able to attend.

Deighton said: 'I'm convinced that most people will want to hold on to their tickets, but we are pleased to offer this resale programme which will give those who wish to use it an opportunity to securely sell their tickets to others who wish to go to the Games or purchase more tickets and help us to achieve our aim of having full venues.'

Online ticket selling or swapping has been prohibited, however some websites have set up interactive, community services to help clear the water around who has and hasn't got tickets.

In the summer TicketCollective.com launched a service which makes use of Facebook to help people find out if their friends have got tickets as well as revealing those who are looking for tickets. It also allows people to register to make it easier to arrange to meet people at the Games.

Shane Gladstone