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.”
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