London Stock Exchange Group (LSEG) announced today the signing of a strategic agreement to provide its trading, clearing, and market surveillance technology to A5X, S.A. (A5X), the first next-generation derivatives and futures exchange of its kind in Brazil. This announcement follows intensive joint design efforts to tailor LSEG’s systems specifically to the Brazilian market, regulators, and A5X’s unique requirements, a key step in the platform’s development and a key enabler for its rapid and successful implementation.
Under the agreement, LSEG will provide its integrated market infrastructure technology suite, including pre-trade risk management, ultra-low latency matching engine, market data distribution and real-time surveillance, and provide a complete end-to-end post-trade platform, including clearing, settlement and risk management.
A5X will operate the LSEG suite, integrating it into its cutting-edge technology ecosystem. Designed for rapid setup and continuous upgrades, the combined solution brings a powerful technology stack to the Brazilian market to help drive growth, liquidity, and innovation.
Ron Lefferts, Group Head of Sales & Account Management, LSEG:
As Brazil’s economy grows and its markets continue to evolve, LSEG will deploy its real-time insights, performance analytics, and market infrastructure expertise to empower A5X on its journey to create a more robust, innovative, and efficient market in Brazil. Integrated with financial systems worldwide, our technology powers economies by strengthening market resilience, supporting compliance, and enabling traders to make data-driven decisions.
Carlos Ferreira, Chief Executive Officer, A5X:
“We are incredibly honored to have the opportunity to bring LSEG on board as we embark on our journey to create a more efficient and innovative market in Brazil, driving growth and transformation. A5X was created to improve the experience for all investors in Brazil, and the technology partnership with LSEG, combined with access to their deep knowledge of global markets and products, materially strengthens our position to achieve this goal.”
A5X aims to be ready for regulatory testing by Q4 2025 and for the commercial launch of the new platform in H1 2026. The partnership lays the foundation for a complete and integrated derivatives and futures ecosystem in Brazil, which could significantly reshape the Brazilian financial landscape, being designed to accelerate product innovation, enhance price discovery, and optimize operational risk throughout the trading cycle.
A5X is a new-generation Brazilian exchange and clearing house, designed to bring product and technology innovation, increased liquidity, and efficiency to the market. Founded by a team of experienced experts with deep knowledge of the financial sector, A5X was born with a clear mission: to elevate the investment experience for all market participants in Brazil. Aiming to begin operations by 2026, A5X is building a modern infrastructure, powered by a combination of LSEG’s engines and its cutting-edge technology ecosystem, to provide robust trading and post-trade solutions tailored to the evolving needs of the capital markets.
A5X’s shareholder base includes a diverse group of local and foreign participants, including ABN AMRO Clearing, Ideal CTVM, IMC, Jump Trading Group, Optiver, XTX Markets, among others.
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