Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > ETFs > Broad Market

NYSE Euronext Joint Venture Focuses on Sustainable Energy Market

By Willette Francis

X
Your article was successfully shared with the contacts you provided.

NYSE Euronext (NYX) is expanding its focus on environmental and sustainable energy initiatives through a joint venture, NYSE Blue, with APX, Inc., the company announced Tuesday, September 7.

NYSE Blue includes NYSE Euronext’s existing investment in BlueNext, a world leader in the carbon credit markets and APX, Inc., a leading regulatory infrastructure and services provider for environmental and sustainable energy markets. NYX will be a majority owner of the new venture, while shareholders of APX include Goldman Sachs and MissionPoint Capital Partners will have minority stakes in NYSE Blue.

The NYSE Blue joint venture will offer a broad range of services and solutions including integrated pre-trade and post-trade platforms, environmental registry services, a front-end solution for accessing the markets and managing environmental portfolios, environmental markets reference data, and the BlueNext trading platform. Additionally, NYSE Blue has plans to begin global expansion with North American and Asia.

“Our listed companies and markets customers increasingly need innovative tools and trading instruments to manage new types of business risks including those around energy, carbon, renewable energy, water and other environmental factors,” said Duncan L. Niederauer, CEO of NYSE Euronext, in a statement. “The formation of NYSE Blue and addition of APX will build upon BlueNext’s business and strengthen NYSE Euronext’s position in environmental markets on a global scale by expanding our portfolio of services and attracting new partners and customers.”

“The combination of an environmental commodities infrastructure provider and a global exchange offers a unique entry point into these rapidly developing markets,” said Brian Storms, Chairman and CEO of APX, in a statement. “Market Participants and regulators the world over are demanding purpose-built infrastructure, innovative solutions and transparency to facilitate the formation of these emerging markets. NYSE Euronext and APX are well suited to lead this market going forward.”

Read about NYSE Euronext’s Derivative Revenue Surge from the archives of InvestmentAdvisor.com.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.