Securities Industry Automation Corporation (SIAC) Law and Legal Definition
Securities Industry Automation Corporation (SIAC) is an independent organization established by the New York and American Stock Exchanges as a jointly owned subsidiary to provide automation, data processing, clearing and communications services.
SIAC was created on July 17, 1972 as a wholly owned subsidiary of the NYSE Euronext and American Stock Exchange. The NYSE owned two thirds of SIAC, while the AMEX owned one third. On November 1, 2006, NYSE Euronext purchased AMEX’s stake for $40 million.
Legal Definition list
- Securities Industry Automation Corporation (SIAC)
- Securities Fraud
- Securities Exchange Act of 1934
- Securities Dispute Resolution
- Securities Contract
- Securities Information Processor
- Securities Intermediary
- Securities Investor Protection Act
- Securities Investor Protection Corporation (SIPC)
- Securities Laws
- Securities Lending
Related Legal Terms
- Actively Traded Securities
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Adjustment Securities
- Affiliated Persons (Securities)
- Agency Sales Ticket (Securities)
- Agency Transaction (Securities)
- Alaska Native Corporation
- Alcohol Beverage Industry
- Amended and Restated Articles of Incorporation
