I agree with you. I trust multiple stock exchanges and are trading only on them. I do not understand why we need such a large number of exchanges, because it is really inconvenient.
Inconvenient ? Why ? Have you try using them ? Imo its not a bad idea to have different exchanges so that we traders can choose if what suites them . some traders dont stick on a single exchange but they love to buy and sell on different exchanges so that they can earn some profit because every other exchange have different price list .
That does now not mean that the number of exchanges should be more than the number of traders themselves, how many people do we have in this trading market now that everyone wants to open exchange?That is why majority of the new ones end up not getting volumes because there are no plenty new investors.
The new investors we have would rather stick with a well-known exchanges while the existing investors will have no reason to swap to a new one, so I see all these companies trying to also go the line of exchanges wasting their time because we already have enough at hand.