The London Stock Exchange Group (LSEG) has entered an agreement to provide trading, clearing and market surveillance technology to power Brazil’s next-generation derivatives and futures exchange, A5X.
Ron Lefferts
The agreement will see A5X operating LSEG’s integrated market infrastructure technology suite, which includes pre-trade risk management, ultra-low latency matching engine, market data distribution and real-time surveillance.
The move comes following intensive joint design efforts to tailor LSEG’s systems to Brazil’s market to support the exchange’s development and deployment and will also include provision of end-to-end post-trade platform, covering clearing, settlement and risk management.
“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 in its journey of creating a more robust, innovative and efficient market in Brazil,” said Ron Lefferts, group head of sales and account management at LSEG.
The exchange is set to be ready for regulatory testing by Q4 2025, with operations scheduled to begin by 2026.
Carlos Ferreira, A5X chief executive said: “We are incredibly honoured to have the opportunity to bring LSEG to our side on the journey of creating a more efficient and innovative market in Brazil, driving growth and transformation.
“The technology partnership with LSEG, combined with the access to its deep knowledge of global markets and products, materially strengthens our position to achieve this goal.”
In January 2025, it was announced that a consortium including Optiver, IMC Trading, Jump Trading Group, XTX Markets and ABN AMRO Clearing Bank had invested into A5X, to fund the investment in talent and technology necessary for the exchange’s launch.