OREANDA-NEWS. INTL FCStone Inc., a Fortune 500 diversified financial services firm, European power company CEZ, and European top energy brokers Griffin, 42FS and Marex Spectron have formally committed to Thomson Reuters Eikon Messenger as one of their instant messaging networks. 

Thomson Reuters has seen a significant increase in new Eikon Messenger account registrations following the announcement that Yahoo! will discontinue support for its legacy messaging and API service in August 2016. According to a recent survey by petrochemical market information provider ICIS, Thomson Reuters Eikon Messenger has emerged as a preferred service provider for energy firms migrating from Yahoo Messenger, which is withdrawing its service on August 5.

"Eikon Messenger provides our clients a valuable tool to access the markets and information required to manage commodity risk via a platform that is compliant with regulations," said John Gretzinger, Head of Energy at INTL FCStone Financial Inc.'s FCM Division.

'Thomson Reuters Eikon Messenger gives us all the compliance tools we need to maintain a business that follows all the current regulation," said Rastislav Zivor, CEO, 42FS. "The team at Thomson Reuters are fully on top of ongoing changes in our market and continually enhance their solution to deliver a tool that we can use to communicate internally and with our customers, without worrying about whether we are in breach of any legislation.' 

"What we particularly like about Eikon Messenger is that Thomson Reuters is prepared to connect it to other messaging platforms. That, alongside its compliance and audit features, makes it our preferred choice" said Simon Davidson, chief operating officer, Griffin.

"Instant messaging is an incredibly popular and established way of communicating for the commodities trading community. With 30 percent of energy trading professionals already using Thomson Reuters Eikon Messenger to communicate, it is an obvious alternative for firms that were using the legacy Yahoo! service," said Lesli Fairchild, head of collaboration services at Thomson Reuters. "Thomson Reuters commitment to providing a compliant and open messaging platform breaks down the barriers to communication in financial markets, and provides customers with confidence that they are making a future-proof choice."