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Global Relay Brings Compliance to the YellowJacket Trading Community(December 06, 2011)
New York, NY (PRWEB) December 06, 2011
Global Relay, (http://www.globalrelay.com) the market leader in compliance messaging and archiving, today announced the launch of Global Relay Archive for YellowJacket, which allows firms using YellowJacket to archive messages within Global Relays leading compliance system. YellowJacket, owned by IntercontinentalExchange (NYSE:ICE), is an advanced messaging platform that delivers the speed and automation of electronic trading to firms communicating over IM in the institutional derivatives markets.
Financial Industry regulations such as the Commodity Exchange Act (CEA) as well as SEC Rule 17a-4 and NASD Rules 3010 and 3110 require all electronic business communications to be archived and monitored, including messaging over IM platforms such as YellowJacket. Global Relay Archive for YellowJacket allows firms to meet these requirements by securely capturing and preserving all YellowJacket messages in a fully compliant third party application.
Global Relay Archive also provides secure hosted archiving of email, BlackBerry, Bloomberg and Thomson Reuters messaging, social media and more. Global Relay customers can now have YellowJacket messaging content archived alongside these other messaging types. Having a single, unified archive of multiple messaging types streamlines the process of supervising employee communications for compliance purposes and provides a complete record of who said what when.
Long-term storage of electronic business communications is an absolutely essential part of regulatory compliance in the financial services industry, said Shannon Rogers, Global Relay President and General Counsel. Global Relay Archive for YellowJacket provides the tools for firms using YellowJacket to achieve that compliance, as well as audit & litigation readiness, mail management and mobile message access.
Global Relay Archive for YellowJacket automatically captures YellowJacket messages and indexes, time-date stamps and serializes each one for easy search, access and review. The advanced compliance review tools built into Global Relay Archive provide everything compliance officers need to monitor and supervise messaging within their firms.
More information about Global Relay Archive for YellowJacket can be found at http://www.globalrelay.com or by contacting Global Relay at 1.866.484.6630.
A wholly-owned subsidiary of IntercontinentalExchange (NYSE:ICE), YellowJacket delivers unparalleled efficiencies to the institutional derivatives markets. Used by the largest trading and brokerage firms in the derivatives business, YellowJacket allows customers communicating over instant messenger to leverage advanced technology traditionally only applicable to electronic trading.
About Global Relay
Founded in 1999, Global Relay is the market leader in Compliance Messaging Solutions including Archiving, eDiscovery, Mobile Messaging and Collaboration. Global Relay Archive securely captures and preserves email, instant messaging, BlackBerry, Bloomberg, Thomson Reuters, social media and more with BlackBerry, iPhone, iPad, Outlook and web access.
Global Relays 15,000 customers in 90 countries include broker-dealers, hedge funds, investment advisors and public companies, as well as 22 of the top 25 global banks. Global Relay has strategic partnerships worldwide, including a global Strategic Partnership with Thomson Reuters for compliance archiving.
Read the full story at http://www.prweb.com/releases/2011/12/prweb9011796.htm.
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