SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has been named Best Corporate Actions vendor at the 2010 Inside Reference Data/Inside Market Data awards.

The awards, now in their eighth year, recognise industry excellence within the market data, reference data and enterprise data management sectors. This is the third year in succession that SmartStream has won the Corporate Actions vendor award.

Candidates were selected by the editorial staff at Inside Market Data and Inside Reference Data with the winners chosen by their readership, representing operations professionals at investment banks, securities firms, institutional investors, brokers and exchanges. These industry experts selected SmartStream as Inside Reference Data’s Best Corporate Actions Vendor from a shortlist including Fiserv, Information Mosaic and XSP.

“We introduced the best corporate actions vendor category three year’s ago as the automation of corporate actions processing was being pushed up the agenda. Our readers have voted for SmartStream as the best corporate actions vendor each year, recognising the company for its continued ability to efficiently automate corporate actions processing,” said Tine Thoresen, Editor of Inside Reference Data.

Paul Phillips Senior Business Development Consultant at SmartStream, commented: “With growing volumes and the increased complexity of notifications, the automation of event processing remains critical and has increased in importance. It’s therefore gratifying that industry practitioners voted for us to win this award for a third year in a row. Our continued success with TLM Corporate Actions, alongside this award, demonstrates the market’s appetite for driving risk from their operations and TLM’s ability to deliver greater automation to what is still a highly manual and costly operational area."