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YellowJacket's IM transaction and interaction logs can now be seamlessly stored in FaceTime IMAuditor
January 14, 2010
3 Min Read
BELMONT, Calif. " FaceTime Communications (www.facetime.com) and YellowJacket (www.theice.com/yj), today announced a partnership to deliver an integrated messaging compliance solution for energy trading communications. YellowJacket's IM transaction and interaction logs can now be seamlessly stored in FaceTime IMAuditor, which also archives messages from Reuters and Bloomberg, in addition to traffic from other instant messaging and Unified Communications platforms.
YellowJacket, a subsidiary of IntercontinentalExchange' (NYSE:ICE), is one of the most utilized over-the-counter (OTC) trading communications platforms, with advanced functionality for complex derivative markets. FaceTime's IMAuditor is used by the world's largest financial and trading firms to secure and manage real-time communications, ensuring that instant messaging and Unified Communications are used in a compliant fashion.
A number of regulatory agencies, such as the Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), and the UK's Financial Services Authority (FSA) require that electronic communications, including instant messages related to trades or transactions, be recorded and stored. FERC, for example, defines instant messages and electronic communications as "book and record," and requires logging and auditing of transaction-related information. Incorporating YellowJacket IM logs within IMAuditor simplifies the search and eDiscovery of relevant messages and facilitates compliance in the event of an audit by regulatory bodies.
"We want to enable our teams to use the most advanced communications tools to maximize their efficiency and this includes providing YellowJacket functionality to our OTC traders " said Richard Johnson, North American Server Team Lead for MF Global, Inc. FaceTime's IMAuditor will now enable us to incorporate all of those records alongside our other real-time communications archives. When it comes to audits and eDiscovery, having these records in a single location saves us an enormous amount of time and cost."
"This new partnership with YellowJacket demonstrates the value IMAuditor has for regulatory compliance," said Brian Babin, Director, Product Management of FaceTime Communications."We designed IMAuditor specifically for real-time communication eDiscovery and compliance. Incorporating YellowJacket logs into the IMAuditor respository not only centralizes and simplifies messaging management, but provides a single source for eDiscovery"
IMAuditor includes a host of features for eDiscovery and compliance management:
* Logging and archiving of real-time communications, from Microsoft OCS, IBM Lotus Sametime, public IM, and Blackberry PIN/SMS Messaging in tamper-resistant binary form. * Import capabilities for Reuters Messaging and Bloomberg. * Administration of ethical walls to enforce communications compliance standards between groups. * Inline IM disclaimers configurable at the organization, group, and individual level.
YellowJacket is a powerful, peer-to-peer negotiation application designed to meet the advanced needs of OTC traders and brokers in energy, agriculture, and other derivative markets. YellowJacket offers customers best-of-breed instant messaging functionality within its network as well as major public IM gateways. In addition to its powerful IM functionality, YellowJacket recognizes and transforms quoted markets into actionable market data displayed in a consolidated OTC market view.
YellowJacket is owned by IntercontinentalExchange (ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets.
About FaceTime Communications Inc.
FaceTime Communications enables the safe and productive use of Unified Communications and Web 2.0, including social networks, blogs, and instant messaging. Ranked number one by IDC for five consecutive years, FaceTime's award-winning solutions are used by more than 1,500 customers for the security, management and compliance of real-time communications. FaceTime supports or has strategic partnerships with all leading public IM network and Unified Communications providers, including AOL, Google, Microsoft, Yahoo!, Skype, IBM and Cisco.
FaceTime is headquartered in Belmont, California. For more information visit http://www.facetime.com.
Sarah Carter FaceTime Communications 650-631-6452 [email protected]
Tom Woolf Woolf Media 415-259-5638 [email protected]
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