Securities Industry Automation Corporation

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

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]

gollark: They own WhatsApp and Instagram and whatnot.
gollark: I doubt it.
gollark: Uber will probably be bankrupt or failing because of regulatory issues and the fact that it does not actually make any money.
gollark: Oh yes, in a decade there'll probably be calls to get rid of analog radio broadcasts and digital broadcast TV, but they will likely stick around for quite a while.
gollark: Probably not.

References
  1. "Securities Industry Automation Corporation". www.nyif.com.
  2. "Securities Industry Automation Corporation: Private Company Information - Bloomberg". www.bloomberg.com.
  3. "US Securities and Exchange Commission". www.sec.gov.
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