Optiver, IMC Trading, Jump Trading Group, XTX Markets and ABN AMRO Clearing Bank have invested in A5X, a new Brazilian derivatives exchange which is set to begin operations by 2026.
The Series B strategic investment follows a previous funding round and will specifically fund the investment in talent and technology necessary for A5X’s launch.
The five latest investors, as well as contributing capital, are set to share their joint knowledge in the creation and evolution of other stock exchanges globally also, said IMC in a social media announcement. The total capital raised so far stands at an estimated R$200 million following both Series A and B rounds.
The development of the new derivatives exchange has been in the works for 18 months and is set to offer trading and post-trading solutions in Brazil.
Optiver released a seperate statement stating how the investment was made by its principal strategic investments (PIC) team which is aimed at “forming long-term strategic relationships with companies linked to [Optiver’s] core mission of improving the market.” IMC shared words from Carlos Ferreira, chief executive of A5X, who highlighted the diversity of the strategic investors and their complementary make-up, adding: “With the recent regulatory changes introduced through RCVM 135 and RBCB 304, the numerous technological innovations that impact the sector around the world and a global scenario for new boiling exchanges, A5X was born to improve the experience of all investors in Brazil.
“The announcement of Series B composed of investors of such reputation and expertise makes us even more solid to achieve this goal.”