peering agreements, or MLPAs. In multilateral peering, an unlimited number of parties agree to exchange traffic on common terms, using a single agreement to which they each accede. The multilateral peering is typically technically instantiated in a route server or route reflector (which differ from looking glasses in that they serve routes back out to participants, rather than just listening to inbound routes) to redistribute routes via a BGP hub-and-spoke topology, rather than a partial-mesh topology. The two primary criticisms of multilateral peering are that it breaks the shared fate of the forwarding and routing planes, since the layer-2 connection between two participants could hypothetically fail while their layer-2 connections with the route server remained up, and that they force all participants to treat each other with the same, undifferentiated, routing policy. The primary benefit of multilateral peering is that it minimizes configuration for each peer, while maximizing the efficiency with which new peers can begin contributing routes to the exchange. While optional multilateral peering agreements and route servers are now widely acknowledged to be a good practice, mandatory multilateral peering agreements (MMLPAs) have long been agreed to not be a good practice. Peering locations The modern Internet operates with significantly more peering locations than at any time in the past, resulting in improved performance and better routing for the majority of the traffic on the Internet. However, in the interests of reducing costs and improving efficiency, most networks have attempted to standardize on relatively few locations within these individual regions where they will be able to quickly and efficiently interconnect with their peering partners. Exchange points As of 2021, the largest exchange points in the world are Ponto de Troca de Tráfego Metro São Paulo, in São Paulo, with 2,289 peering networks; OpenIXP in Jakarta, with 1,097 peering networks; and DE-CIX in Frankfurt, with 1,050 peering networks. The United States, with a historically larger focus on private peering and commercial public peering, has much less traffic visible on public peering switch-fabrics compared to other regions that are dominated by non-profit membership exchange points. Collectively, the many exchange points operated by Equinix are generally considered to be the largest, though traffic figures are not generally published. Other important but smaller exchange points include AMS-IX in Amsterdam, LINX and LONAP in London, and NYIIX in New York. URLs to some public traffic statistics of exchange points include: AMS-IX DE-CIX LINX MSK-IX