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."