Q.4875 In the context of financial markets, Over-the-Counter (OTC) markets and exchanges are two distinct platforms where securities are traded. Each platform has its unique advantages and disadvantages. During a Financial Risk Management (FRM) lecture, a candidate lists the following as advantages of OTC markets over exchanges:

I. The participants have the freedom to negotiate deals
II. There's better information flow between a market maker and the customer
III. There are fewer restrictions and regulations on trades

Which of the following statements accurately represent the advantages of OTC markets over exchanges?