NYSE Euronext and a provider of market infrastructure and services for the environmental and sustainable energy markets, APX, have set up a new global company, NYSE Blue. The deal has been approved by regulators and APX shareholders, who will retain a minority stake in NYSE Blue in return for their shares in APX.

Brian Storms, who was Chairman and CEO of APX, is the new Chairman and CEO of NYSE Blue, which focuses on environmental and sustainable energy markets. The new company will offer services including integrated pre-trade and post-trade platforms, environmental registry services, markets reference data and the BlueNext spot emissions platform, adds Reuters.

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