YKMEX to Establish YKMEX Green(TM), a New Venture Targeting Global Environmental Markets
Yokohama Mercantile Exchange (YKMEX) will contribute its ownership in Green in return for a majority interest in the new global company.
- (1888PressRelease) March 23, 2013 - YKMEX Green™ will focus on environmental and sustainable energy initiatives, and will further YKMEX's efforts to increase its presence in environmental markets globally while attracting new partners and customers.
YKMEX today announced plans to create YKMEX Green™, a new global company that will focus exclusively on environmental and sustainable energy markets. YKMEX Green™ will include one of the world's biggest spot markets in carbon credits, and a leading provider of regulatory infrastructure and services for the environmental and sustainable energy markets. YKMEX will be the owner of YKMEX Green™ and will consolidate its results.
YKMEX Green™ will provide a broad offering 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 Green trading platform. YKMEX Green™ will expand globally with a focus on Asia and North America. Upon closing of the transaction, Brian Johansson, will become CEO of YKMEX Green™.
"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 Theodor Murano, Chief Executive Officer, YKMEX. "The formation of YKMEX Green™ will build the already existing business and strengthen YKMEX'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 Mr. Johansson newly appointed CEO of YKMEX Green™. "Market Participants and regulators the world over are demanding purpose-built infrastructure, innovative solutions and transparency to facilitate the formation of these emerging markets.
Yokohama Mercantile Exchange (YKMEX) is one of the fastest growing global operator of financial markets and a provider of innovative trading technologies. With partners and members in the Asia, US and Europe, YKMEX derivatives and equities marketplaces represent a good fraction of derivatives and equities trading worldwide. Its commercial technology division, YKMEX Technologies provides best-in-class transaction, data, and infrastructure management services and solutions.
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