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There are exchanges where you can buy and sell stocks, futures, pork bellies, wine and even pollution allowances.Why not an exchange for the trading of digital bits and bytes? “That is my dream,” said Hamadoun Touré, secretary general of the International Telecommunication Union, a United Nations agency based in Geneva that sets international communications standards. The exchange would let telephone networks, mobile operators, satellite providers and other telecommunications companies trade capacity on their systems. Network operators predicting bottlenecks could buy extra capacity, ensuring the smooth functioning of phone services, cellphone networks, the Internet and other communication links. Those with excess capacity could sell bandwidth, helping to limit that unprofitable downtime. “The world will benefit in knowing what traffic is going where and when,” he said. “The capacity problems are like the global food problem. It’s not because of a lack of food; it’s a lack of distribution of food.”
