YellowJacket and SECCAS Partner to Deliver Integrated Communication Solutions

Firms Leverage Mutual Technologies to Enhance Electronic

Communications in the Energy Trading Marketplace

 

NEW YORK, NY -- September 17, 2007 -- YellowJacket, the leading over-the-counter (OTC) energy derivative trading network and solution provider and SECCAS, the leading outsourced provider of e-messaging compliance solutions to public and financial services companies, today announced they have partnered to offer mutual clients a seamless way of retaining and accessing archived electronic messages generated by traders, brokers and other counterparties on YellowJacket’s electronic trading platform, YJ ENERGY.  

YJ ENERGY is a bilateral, peer-to-peer platform for OTC energy trading. Offering direct and private access to a global network of market makers, investment banks, utilities, hedge funds and more, the platform supports complex and volatile energy option markets like Natural Gas, Crude and Weather. Along with trading tools and market data capabilities, YJ ENERGY features instant communication and private negotiation tools that help traders aggregate and consolidate fragmented communications.

SECCAS’ compliant, web-based e-mail, instant messaging and archiving system connects to YJ ENERGY via an application programming interface (API).  Mutual clients can view and manage stored communications generated on YJ ENERGY via SECCAS’ single, quickly installed, easy-to-use interface that can be accessed by a standard web browser.

“SECCAS is a great complement to YJ ENERGY, as both applications together create a distinctive, seamless way of managing and archiving trade communications while also creating tangible value for our mutual clients,” said Dan Summa, President of SECCAS. 

Jacob Pechenik, President/CEO and co-founder of YellowJacket, agreed.  “As technologies from both firms continue to evolve to meet our clients’ needs, the value and opportunity inherent in both solutions will further benefit the marketplace and help drive our respective growth.”

About YellowJacket

YellowJacket is a peer-to-peer, bilateral trading network and platform that directly connects hedge funds, energy companies, inter-dealers, broker/dealers and investment banks to a dark pool of liquidity through its network of global energy market participants and electronic trade platform.  Uniquely supporting the volume, volatility and complexity of the over-the-counter (OTC) energy markets, YellowJacket’s trade collaboration and execution tools capture each firm’s own OTC market data in real-time, offering private, customized and independent views of the market that can be shared among global trading desks and back-offices. Headquartered in New York City, YellowJacket has a client base of more than 130 firms.  For more information, visit www.yjenergy.com.

About SECCAS

SECCAS LLC is a privately held company headquartered in New York City that offers a feature-rich tool set for streamlining regulatory compliance delivered as a managed service. Through a simple Web-based interface, clients can view email, IM, Bloomberg, and Webmail; review, sort, score, and search messages by keyword, groups, email address and date range; manage administrative privileges, generate reports and more. Subscription service includes unlimited access (24x7), training and support as well as monthly WORM archive disks.

Serving the financial community since 2001, SECCAS is a preferred vendor of several major New York investment banks, streamlining compliance for large and small firms alike. SECCAS provides a “best of breed” service at a reasonable cost in a secure environment. The SECCAS service can be up and running in less than an hour with most users trained in about 30 minutes.  The product is completely transparent to the end user; there is no need for users to change their email or IM addresses. For more information visit www.seccas.com

 

 

 

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