As part of efforts to enhance capital market operations in Africa, the Technical Committee of the International Organisation of Securities Commissions (IOSCO) has recommended migration of trading on Over-The Counter (OTC) derivatives products to the Stock Exchanges in the continent.
This was contained in a report analysis on trading of OTC Derivatives prepared by the Technical Committee's Task Force on OTC Derivatives Regulation (Task Force), in response to a request from Financial Stability Board to examine increasing exchange and electronic trading of OTC derivative products to the G-20 Leaders' commitments. This, the analysis stated is inline with stated objectives of improving transparency, mitigating systemic risk, and protecting against market abuse in the derivative markets.
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