January 25, 2015 6:07 AM ET

Internet Software and Services

Company Overview of Securities Industry Automation Corporation

Company Overview

Securities Industry Automation Corporation engages in the design, development, implementation, and operation of the exchanges computer systems and communications networks in the United States. It operates clearance and settlement systems on behalf of the clearing corporations. The company distributes market data information for the consolidated trade, consolidated quote, and options price reporting authority systems utilizing the Internet protocol multicast distribution network. Its systems support order processing, trading, market data reporting, trade comparison, surveillance, clearance, and settlement for a broad range of securities. The company was founded in 1972 and is based in Brookly...

Two MetroTech Center

Brooklyn, NY 11201

United States

Founded in 1972





Key Executives for Securities Industry Automation Corporation

Age: 72
Compensation as of Fiscal Year 2014.

Securities Industry Automation Corporation Key Developments

Relay IP, Inc. Files Patent Infringement Lawsuit Against Securities Industry Automation Corporation

Marathon Patent Group Inc. announced that its subsidiary Relay IP Inc. has filed a patent infringement lawsuit in the United States District Court for the District of Delaware against Securities Industry Automation Corporation. The lawsuit alleges that the Defendant has infringed, and continues to infringe, the claims of the patent in suit by using the accused method claimed in distributing data and/or data feeds via distribution network(s), including but not limited to the National Market Systems distribution network running on the Secure Financial Transaction Infrastructure, which practice the Protocol Independent Multicast-Sparse Mode standard ("PIM-SM") for multicast routing.

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