As a result, oil traders, brokers, analysts and also journalists covering the oil industry have been scrambling for alternatives, of which there are plenty, including Eikon Messenger, ICE Instant Messaging, Symphony, Bloomberg Messenger, Twitter, and WhatsApp. The online, follow-up version to its standalone messaging software cannot be used by the industry as it does not meet compliance standards like saving conversations. Its free, instant messaging technology revolutionized the industry, helping usher in a new era of high-speed communication that changed the way millions of barrels of oil traded daily. FRAGMENTED AFTERWOLD Yahoo, which in July announced the sale of its core business unit to Verizon Communications Inc, took the oil industry by storm in the late 1990s. "So in some kind of ironic way, you may see stronger relationships formed now people have to interact the old school way," he added. "Yahoo was great as an aggregator for all commodity participants so I think any cross-broking from one messenger platform may mean people use the old friend – the phone," said Matt Stanley, a fuel oil broker at Freight Investor Services in Dubai. With Yahoo Messenger's end, the oil industry has to deal with a fragmented communication market, which some say will force the market back to the telephone. Now that it's gone, I could cry," said a senior oil trader in Singapore who has been in the business for 20 years. I have Yahoo friends I have never met, but with whom I spent many hours bantering and joking. I built up hundreds of contacts on it over more than a decade. "You have no idea how much I'll miss Yahoo Messenger. A raft of alternatives exist, but many oil industry users say they will dearly miss Yahoo Messenger, with even the odd tear being shed in memory of what became a much loved tool in an otherwise unsentimental industry. While the software was still operating and actively in use during Asian hours on Friday, the company has announced it will shut its standalone messenger software on Aug. By Henning Gloystein SINGAPORE (Reuters) - As European and American markets open on Friday, oil traders face a new era with Yahoo Messenger, the main tool used by traders to communicate since the late 1990s, shutting down.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |