European markets, with a full central counter party back-end through LCH.Clearnet and EuroCCP. SmartPool was created by NYSE Euronext in partnership with BNP Paribas, HSBC, and J.P. Morgan Chase. BlueNext and NYSE Blue NYSE Euronext holds a 60% interest in BlueNext with the remaining 40% held by CDC Climat. BlueNext operates a spot market in carbon dioxide emission allowances and credits that is the European leader in the field. It seeks to establish a leading position in trading in environment-related instruments, and has also launched a futures market with physical delivery of allowances and credits. In September 2010, NYSE Euronext announced plans to create NYSE Blue, a new global company that will focus on environmental and sustainable energy markets. NYSE Euronext contributed its ownership in BlueNext in return for a majority interest in NYSE Blue, and APX, Inc. (a leading provider of regulatory infrastructure and services for environmental and sustainable energy markets) will contribute its business in return for a minority interest in the venture. The transaction closed on February 18, 2011. Information Services and Technology Solutions The Information Services and Technology Solutions segment refers to NYSE Euronext's commercial technology transactions, data, and infrastructure businesses. NYSE Euronext operates NYSE Technologies, Free Market, and also owns NYFIX, Inc. NYSE Technologies NYSE Technologies is the commercial technology division of NYSE Euronext. NYSE Technologies operates five business: Global Market Data Trading Solutions Exchange Solutions Global Connectivity Transactions primarily comprises the former NYFIX FIX business and incorporates the NYFIX Marketplace and the FIX Software business. Marché Libre The Free Markets of Brussels and Paris, organized by NYSE Euronext, are not regulated markets in the sense of the EU Directive. The criteria for admission to these markets are much simpler, and listing costs are low. They provide a channel for disseminating buy and sell orders, with trades executed by NYSE Euronext member firms. The securities traded on these markets have not gone through any admission procedures and issuers are not subject to any disclosure requirements. The Free Markets serve companies that are too young or too small to be listed on one of the regulated compartments of NYSE Euronext. NYSE Regulation and FINRA On May 4, 2010, NYSE Euronext and the Financial Industry Regulatory Authority (FINRA) announced that FINRA would assume responsibility for performing the market surveillance and enforcement functions originally conducted by NYSE Regulation. The agreement was subject to review by the Securities and