It's the first time I have heard of "STO" and wala pa ko kahit anong nabasa about diyan. Checking it on Google, I have seen that it offers a lot of benefits and being cost-effective kasi walang administrative costs daw kaso ang disadvantage is madaming kailangan gawin at hindi madaling ma-mass adopt yung ganito. Kahit nga mga stocks, mahirap na mag bukas eh, new technology pa kaya? Just my thoughts.
What if.. (just what if..) somehow all exchanges be .. let's just say "combined" in a manner para magfit siya sa modern world..
Combined? So parang one universal exchange? I don't think it would be beneficial for those who own the said exchange, kasi maghahati hati na sila. There would be no Arbitrage happening pag ganun. I wasn't able to research on anything na parang related dun, scientific or non-scientific paper/article. Hindi ko sure kung tama ba yung pag kakaintindi ko dito.