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LSEG (London Stock Exchange Group) has announced a strategic agreement to provide its integrated market infrastructure technology suite to A5X, a new Brazilian challenger exchange and clearing house. This partnership aims to power A5X’s operations, which are set to begin regulatory testing in Q4 2025 and commercially launch in H1 2026.
Key aspects of the agreement include:
* Comprehensive Technology Suite: LSEG will deliver its full market infrastructure technology, including a pre-trade risk management system, an ultra-low latency matching engine, market data distribution, and real-time surveillance tools.
* End-to-End Post-Trade Platform: The agreement also covers an end-to-end post-trade solution, encompassing clearing, settlement, and risk management capabilities.
* Tailored for the Brazilian Market: LSEG and A5X have engaged in intensive joint design efforts to customize LSEG’s systems to meet the specific requirements of the Brazilian market and its regulators.
* Driving Growth and Innovation: The collaboration is expected to bring a powerful technology stack to the Brazilian market, fostering growth, liquidity, and innovation in the derivatives and futures ecosystem.
* A5X’s Vision: A5X aims to be Brazil’s next-generation derivatives and futures exchange, providing an alternative to the dominant B3 exchange and enhancing product innovation, price discovery, and operational efficiency for investors.
* Strategic Investors: A5X has garnered investment from a consortium of global players, including Optiver, IMC Trading, Jump Trading Group, XTX Markets, and ABN AMRO Clearing Bank, demonstrating strong industry backing.
This partnership is a significant development in the Brazilian financial landscape, promising to introduce a more robust and efficient market for derivatives and futures.

Video courtesy of KDPW

Video courtesy of KDPW