What is the benefit of reciprocal listing?
 

What is the benefit of reciprocal listing?

It helps to get thematic and relevant backlinks.

Reciprocal link or Link Exchange is best method building. link exchange is very benificial to increase high visitors to your site.
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There is no use of reciprocal links now as Google is smart enough to identify that these are link exchange and website owners have done favor to each other by placing links.
So, there is no use of placing reciprocal links for Google, you place for visitors with nofollow.

It helps in building relevant back links...

Reciprocal links are not much helpful now a days. Google can easily identify them and they don't count them for ranking.