Even AM's own exchange, which they began creating last year, has many inconveniences, and, is ultimately centralized anyway.
I have yet to see any details on any AM exchange system. Although you feel it would not work, what is it that FC has in the works? Is this board member information?
It is blockchain-based, therefore it comes with inconveniences not present in an off-chain exchange.
I do not know the current status of the project, nor whether it is active.