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NYSE Euronext to shut carbon-trading exchange in Europe

Posted on 29 October 2012

NYSE Euronext will close a European carbon-trading exchange following a decline in trading and a series of scandals that rocked the region’s emissions market in recent years. Paris-based BlueNext SA, majority-owned by the Big Board parent, will cease operations on Dec. 5, according to a spokesman for the market.
The closure comes as NYSE Euronext has sought to trim underperforming or less-critical ventures to help deal with a lingering slowdown in trading activity. Earlier this year, the exchange group ended a joint venture geared toward developing carbon markets in the U.S. and Asia………………………………………..Full Article: Source


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