National Securities Clearing Corporation (NSCC)

 

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National Securities Clearing Corporation (NSCC)

A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.



National Securities Clearing Corporation (NSCC)

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Multinational corporation

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A corporation that operates in two or more countries. Since it is headquartered in only one country but has production or marketing facilities in others, it is the result of previous FDI.


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A foreign corporation whose voting stock is more than 50% owned by US stockholders, each of whom owns at least 10% of the voting power.


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In the US, SIAC operates the New York and American Stock Exchanges automation and communications systems to support trading, market data reporting, and surveillance activities. SIAC also supports the NSCC's nation-wide clearance and settlement systems and it is the systems processor for industry-wide National Market System components, such as CTS,CQS, and ITS. SIAC is jointly owned by the NYSE and AMEX.


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