Maybe some consolidation wouldn’t be a bad idea, but given how the markets are at the moment I would expect a significant crash is needed before anyone would give up their exchange.
There are already some large players and it is pretty likely that they just buy out smaller exchanges and then integrate them into a larger multinational one. Euronext is already quite far along in that process.
And Paris, and Vienna and Budapest and … (link)
Maybe some consolidation wouldn’t be a bad idea, but given how the markets are at the moment I would expect a significant crash is needed before anyone would give up their exchange.
There are already some large players and it is pretty likely that they just buy out smaller exchanges and then integrate them into a larger multinational one. Euronext is already quite far along in that process.