NYSE Euronext Group is to join forces with APX, the energy market operator, to create NYSE Blue, a new exchange offering focused on the carbon markets.
The JV will take over NYSE’s existing investment in BlueNext, the carbon credit spot exchange, with NYSE Euronext becoming NYSE Blue’s majority shareholder.
Shareholders of APX, which include Goldman Sachs, MissionPoint Capital Partners, and Onset Ventures, will take a minority stake in NYSE Blue in return for their shares in APX. Goldman advised APX on the transaction.
The new company will...