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The phrase "establish exchanges" is correct and usable in written English.
You can use it when referring to building relationships or agreements between two or more entities, such as businesses, countries, or people. For example: The two countries agreed to establish exchanges in goods and services in order to promote economic growth.
Exact(19)
The National Conference of State Legislatures says 12 states have enacted laws to establish exchanges.
The most ambitious sites are trying to establish exchanges that could reshape the way seafood goes from ocean to table.
It was, I think, very much part of the law's strategy to induce states to establish exchanges.
In Halbig v. Sebelius, the plaintiffs assert that the law does not allow the federal government to offer subsidies in states that refuse to establish exchanges.
The federal government has given out more than $600 million to help states establish exchanges, but states must figure out how to pay the operating costs.
In addition, state officials who want to establish exchanges said they were having difficulty because Mr. Obama had yet to issue crucial regulations and guidance.
Similar(40)
At times, the North Koreans' ambitions seem unrealistic: in 2010 one group was asked to lecture on how to establish exchange-traded funds and private equity, in a country without deposit-taking banks.
Instead, the country's best companies sold shares on more established exchanges, particularly in Hong Kong.
Unlike more established exchanges, the Cincinnati exchange does not disclose miscreants' names or traders' regulatory violations.
It is notoriously difficult to shift a country's investors away from their established exchanges.
The stumble has not extended to more established exchanges in Asian emerging markets.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com