Press Release
FaceTime and YellowJacket Partner for Enhanced Energy Trading Compliance
FaceTime's IMAuditor Messaging Compliance Solution Now Incorporates YellowJacket Instant Messaging Traffic
BELMONT, Calif - 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 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
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 or call 888-349-FACE. The FaceForward blog, at
http://blog.facetime.com, offers thoughts and opinions about the changing nature of Internet
communications.
PR Contact:
Sarah Carter
FaceTime Communications
650-631-6452
scarter@facetime.com
Tom Woolf
Woolf Media
415-259-5638
tomw@woolfmedia.com
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