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.


Related Personal Finance Articles

Loading...

Securities Industry Automation Corporation (SIAC) in the news

Loading...
Enter your email address to get our free Term of the Day newsletter!

Securities Industry Automation Corporation (SIAC) is ...

... part of the Brokerages and Law & Estate Planning subjects.

Search volume for Securities Industry Automation Corporation (SIAC)

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z