Exchange model for e-FX unlikely

Brian Maccaba, chief executive officer and founder of Cognotec, Joseph de Feo, president and chief executive officer of CLS Bank International, James Trott, strategic advisor at Reuters and Tom Buschman, treasury centre development manager at Shell International in London, discussed the question at the ACI's first senior dealers' seminar in Davos, Switzerland on October 18.

"There were few people who thought FX would go all the way to becoming an exchange -- like a futures exchange," reported