Too Damn Many Stock Exchanges?

While I’m generally of the view that myriad, opaque exchange is mostly a way to obfuscate liquidity and legalize front-running, this debate on the subject made me wish there was a third position: Both sides’ arguments made me batty.

Related posts:

  1. Why Did I Sell Bindura Nickel Stock So Damn Soon?
  2. Playing with Exchanges
  3. Survey: List of Top Stock Market Bears
  4. Pricing, and the Best Damn Lemonade Stand in America
  5. Raiders of the Lost Parked Stock