InvestorWords.com
Securities Industry Automation Corporation (SIAC)
Definition
Entity that performs duties necessary to clear and check data on securities. Transactions initiating at a brokerage firm are sent to a SIAC and then the company does what is necessary to confirm the data. SIAC primary purpose is to eliminate some of the work that a brokerage firm has to do when various transactions occur.
Recommended Articles from InvestorGuide.com
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!
Nearby Terms
- securities finance
- securities fraud
- securities house
- Securities Industry and Financial Markets Association
- Securities Industry Association
- Securities Industry Automation Corporation (SIAC)
- Securities Industry Committee on Arbitration (SICA)
- Securities Information Center (SIC)
- Securities Investor Protection Act of 1970
- Securities Investor Protection Corporation
- Securities Law Enforcement Remedies Act of 1990
