YellowJacket, a subsidiary of IntercontinentalExchange (NYSE: ICE) and the leading instant message (IM) trade negotiation service, has expanded its capabilities to the equity markets following completion of a successful beta test by key equity options market participants. YellowJacket is widely deployed among traders and brokers in the global over-the-counter (OTC) commodity derivatives markets and has leveraged its proven technology to serve equity options markets. YellowJacket’s platform is designed to meet the most demanding security, data control and compliance requirements.
YellowJacket’s market-leading IM functionality allows customers to transact with counterparties using existing IM identities. In addition, YellowJacket’s quote recognition technology extracts data from individual IM conversations and consolidates this information in a customizable view, allowing customers to quickly filter broker markets and view real-time alerts based on certain parameters. Addressing the specific needs of options market traders, YellowJacket analytics sends components of quoted options strategies via an API to third-party or proprietary pricing systems, allowing customers’ models to return theoreticals and greeks to the YellowJacket screen in real-time.
YellowJacket offers an open and secure architecture, with leading message logging and archiving, integration with major compliance service providers, and robust enterprise controls. More information is available at www.theice.com/yj.
