Yahoo announced last month that they’re ending support of their legacy versions of their IM product, Yahoo Instant Messenger, and after August 5 will only support their web-based version. Unfortunately, for global oil traders who have for almost 2 decades used Yahoo IM as one their two default communication/trading channels (the other being the phone), the new version of Yahoo IM doesn’t support the capture/recording of conversations and allows users to “unsend” messages…meaning the new version of Yahoo IM will not be compliant with trading regulations in most jurisdictions. Though a number of alternative platforms exist, recent news stories indicate the loss of Yahoo IM has sent some oil traders into an emotional crisis, with one being quoted on Reuters as saying, “You have no idea how much I’ll miss Yahoo Messenger…I built up hundreds of contacts on it over more than a decade. I have Yahoo friends I have never met, but with whom I spent many hours bantering and joking. It also made me a lot of money. Now that it’s gone, I could cry.” Natural gas traders have faced a similar problem in the last couple of years. AOL Instant Messenger (AIM) had been pretty much the
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