YellowJacket Named as "Hot Technology Company" by the New York Software Industry Association
Firm Selected for its Innovative Energy Trading Platform and Superior Technology Application
NEW YORK, NY -- May 15, 2007 -- YellowJacket, a financial technology firm providing secure, real-time trading communication and over-the-counter market data solutions, today announced it was selected as one of the industry’s “Top Hot Technology Companies” by the New York Software Industry Association (“NYSIA”). Presented along with six other technology firms in a variety of industries, the recognition is a reflection of YellowJacket’s historical performance, viable business plan, and the strength and market adoption of its technology platform.
The winning companies were individually nominated and chosen by NYSIA Board's executive member teams. Each firm was invited to present their offerings at the NYSIA May general meeting on May 14, 2007 in New York City at JPMorgan Chase.
"YellowJacket’s success is in large part from our unique ability to develop technology applications that source and integrate energy-specific trading and market information in real-time, meeting the complex needs of the energy marketplace," said Jacob Pechenik, President and CEO of YellowJacket. "NYSIA’s recognition that we’re a ‘top technology firm’ is an excellent and appreciated validation of our achievements, and illustrates that technology coupled with unique industry insight and expertise can transform marketplaces.”
Currently, more than 80% of the weather derivatives market is quoted on YellowJacket’s OTC electronic trading platform, YJ ENERGY. Last year, the company forged into additional energy markets – including natural gas, power and crude – and currently claims more than 120 firms as clients.
NYSIA is the leading trade association for software, information technology, and Web development companies in the New York City area. The organization works to expand the software development and IT industry in the metropolitan area. NYSIA manages an extensive educational event schedule, hosts the yearly New York Software Summit, sponsors a wide variety of economic development programs aimed at assisting member companies, and carries out legislative work on behalf of the software industry.
“The ‘Top Technology Company’ recognition is a reflection that YellowJacket has made serious inroads into transforming the energy trading marketplace through the development of unique and superior technology applications,” said Bruce E. Bernstein, President/CEO of NYSIA.
About YellowJacket
YellowJacket is a financial technology firm that provides flexible, integrated energy market solutions that enable broker/dealers, energy marketers, utilities, hedge funds and institutional investors to gain trading advantages while keeping abreast of volatile markets and emerging strategies. With its dynamic, electronic platform for secure, real-time communication and OTC market data, YellowJacket clients have more accurate visibility to market dynamics, portfolios and risk while experiencing unprecedented efficiencies and collaboration among trading teams and back offices. With 120 firms as clients, YellowJacket is headquartered in New York City. For more information, visit www.yellowjacketsoftware.com.
Media/Analysts: Michelle Rowley, +1-646-744-3565
mrowley@yjenergy.com.
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