We introduce two related sets of topological objects in the 3-sphere, namely a set of two-component exchangable links termed "iterated doubling pairs", and a see of associated branched surfaces called "Matsuda branched surfaces". Together these two sets possess a rich internal structure, and allow us to present two theorems that provide a new characterization of topological isotopy of braids, as well as a new characterization of transversal isotopy of braids in the 3-sphere endowed with the standard contact structure.
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