Hans Hoogervorst, chairman of the International Organization of Securities Commissions' technical committee, said trading over-the-counter derivatives through a centralized market would increase transparency, competition and supervision of the market. "IOSCO believes that it is appropriate to trade standardized derivatives contracts with a suitable degree of liquidity on organized platforms, provided that a flexible approach encompassing a range of entities that would qualify as such platforms is taken by regulators," Hoogervorst said.

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