Securities Industry Automation Corporation


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Securities Industry Automation Corporation

Also called SIAC. On the New York Stock Exchange, AMEX, and affiliated exchanges, an organization that provides computer services. Consequently, SIAC runs DOT, which is a computerized order-entry system that sends smaller buy or sell orders to the appropriate specialist on the floor of a stock exchange, bypassing the floor broker. It also provides the Consolidated Quotation System and the Options Price Reporting Authority. The NYSE owns two-thirds of the SIAC, while AMEX owns the remainder.

Securities Industry Automation Corporation (SIAC)

A firm that processes and checks clearing data on securities transactions sent by purchase and sales departments of member brokerage firms. The purpose of SIAC, which is owned by the exchanges, is to alleviate much of the confusion and paperwork that ordinarily results from independent actions of an individual brokerage firm. See also contract sheet.
References in periodicals archive ?
The Securities Industry Automation Corporation and its subsidiary Sector will move their ARTMAIL application to Linux.
The panelists were: Paul Hines, CFM (Certified Facility Manager), managing director of Facilities Engineering for Securities Industry Automation Corporation, which manages the computer systems of the New York and American Stock Exchanges; Judith Parker, first vice president and director of Corporate Design and Construction for Smith Barney; Gaetan Lachance, manager of Space Planning with American Express Real Estate Services/Major Facilities; Gayla Merryman, director of Project Development with the Battery Park City Authority; and Mr.
NYSE: NYX) today announced a workforce reduction of more than 500 positions, including approximately 400 employees and 120 full-time consultants, from its NYSE, NYSE Arca and Securities Industry Automation Corporation (SIAC) business units.
Gayla Merryman, director of project development with the Battery Park City Authority; Paul Hines, managing director of facilities engineering for Securities Industry Automation Corporation, which manages the computer systems of the New York and American Stock Exchanges; and Gaetan Lachance, manager of space planning with the American Express Company.
NYSE: NYX) and the American Stock Exchange([R]) (Amex([R])) today announced the execution of a definitive agreement for the NYSE to acquire the one-third ownership stake in the Securities Industry Automation Corporation (SIAC) held by Amex for approximately $40 million.
Brown is a highly regarded industry veteran and previously served as CEO of the Securities Industry Automation Corporation (SIAC), a wholly owned subsidiary of the New York Stock Exchange and the American Stock Exchange.
DeMeulemeester served as managing director and treasurer of Securities Industry Automation Corporation (SIAC), a New York based provider of automated information and communication systems that supports the NYSE Group, the American Stock Exchange and related affiliates.
NEW YORK -- Reuters (LSE: RTR; NASDAQ: RTRSY), the global information company, today announced that Susquehanna International Group (SIG) has selected Reuters Data Feed Direct (RDF-Direct), providing them with ultra low latency access to data from the Options Pricing and Reporting Authority (OPRA) , the Securities Industry Automation Corporation (SIAC) and NASDAQ.
Also, several initiatives causing DTCC to incur significant "special expenses" over the past four years -- such as establishing the Southern Business Center in Tampa for business continuity purposes and the insourcing of certain data processing done by the Securities Industry Automation Corporation (SIAC) -- have now been completed.
National Association of Federal Credit Unions National Association of Securities Dealers (NASD) NACHA -- The Electronic Payments Association New York Board of Trade (NYBOT) The Clearing House Securities Industry Association (SIA) Securities Industry Automation Corporation (SIAC) The Bond Market Association The Options Clearing Corporation VISA USA Inc
National Association of Federal Credit Unions -- National Association of Securities Dealers (NASD) -- NACHA - The Electronic Payments Association -- New York Board of Trade (NYBOT) -- The Clearing House -- Securities Industry Association (SIA) -- Securities Industry Automation Corporation (SIAC) -- The Bond Market Association -- The Options Clearing Corporation -- VISA USA Inc.
Renzo Silva, Technical Director, Securities Industry Automation Corporation

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