Energy traders often rely on instant messaging (IM) to authorize
and execute orders. As a result, energy and utilities firms
are subject to a range of rules (FERC, NERC, CFTC, NFA) that
require the logging and archiving of IMs for regulatory and legal
purposes. By archiving not just IMs, but also other forms of
electronic communication (think unified communications,
collaboration, social media), firms are able to reap several
benefits:
- Ensure adherence to regulatory,
eDiscovery, and corporate governance guidelines
- Mitigate the risk of costly sanctions for
inadequate recordkeeping
- Facilitate the production of relevant
content quickly
- Increase ROI by reducing legal costs and
integrating with existing archiving systems