SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that its TLM Trade Process Management solution has won in the "Readers Choice” category at the 2009 Banking Technology Awards.

The awards, now in their tenth year, were chosen by Banking Technology's readership of more than 11,000 subscribers. TLM Trade Process Management was selected due to its success at a number of leading European firms where it has delivered a unified operations platform that monitors and controls instruments across their lifecycle. TLM Trade Process Management has consolidated fragmented and siloed infrastructures at these firms, ensuring more cost-effective operations by retiring multiple legacy systems and paper-based processes across equities, fixed income and derivatives.

Philippe Chambadal, CEO of SmartStream Technologies, commented: “This latest award, as voted for by readers of one of the industry’s leading titles, highlights the significant benefits that SmartStream’s TLM solutions can deliver. TLM Trade Process Management reduces operational risk through an automated, workflow-based approach to monitoring trade activity from deal capture to allocation, confirmation and settlement. This proactive approach helps to lower the cost-per-transaction while providing greater operational flexibility and scalability to respond to market and client demands across the range of instrument types.”