FaceTime and YellowJacket Partner for Enhanced Energy Trading Compliance
FaceTime's IMAuditor Messaging Compliance Solution Now Incorporates YellowJacket Instant Messaging Traffic
| Source: FaceTime Communications
BELMONT, CA--(Marketwire - January 14, 2010) - 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.
About YellowJacket
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.