The Securities Industry Automation Corporation (SIAC) is a subsidiary of the NYSE Euronext. Its purpose is to provide technical services for the exchanges themselves, members and other financial institutions. In this role, SIAC provides the computers and other systems required to run the exchanges. It also owns communication lines and hardware to provide real-time quotes and transaction information to all market participants from the Consolidated Tape/Ticker System (CTS), Consolidated Quotation System (CQS), and Options Price Reporting Authority (OPRA).[1]
OriginsEdit
SIAC was created on July 17, 1972, as a wholly owned subsidiary of the NYSE and American Stock Exchange.[2] 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.[3]
ReferencesEdit
^"Securities Industry Automation Corporation". www.nyif.com.
^"Securities Industry Automation Corporation: Private Company Information - Bloomberg". www.bloomberg.com.
^"US Securities and Exchange Commission". www.sec.gov.
October 24, 2023
securities, industry, automation, corporation, siac, subsidiary, nyse, euronext, purpose, provide, technical, services, exchanges, themselves, members, other, financial, institutions, this, role, siac, provides, computers, other, systems, required, exchanges, . The Securities Industry Automation Corporation SIAC is a subsidiary of the NYSE Euronext Its purpose is to provide technical services for the exchanges themselves members and other financial institutions In this role SIAC provides the computers and other systems required to run the exchanges It also owns communication lines and hardware to provide real time quotes and transaction information to all market participants from the Consolidated Tape Ticker System CTS Consolidated Quotation System CQS and Options Price Reporting Authority OPRA 1 Origins EditSIAC was created on July 17 1972 as a wholly owned subsidiary of the NYSE and American Stock Exchange 2 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 3 References Edit Securities Industry Automation Corporation www nyif com Securities Industry Automation Corporation Private Company Information Bloomberg www bloomberg com US Securities and Exchange Commission www sec gov Retrieved from https en wikipedia org w index php title Securities Industry Automation Corporation amp oldid 1052076739, wikipedia, wiki, book, books, library,
