SunGard Trading and Risk Systems has acquired risk management vendor RXM from GE Information Services.
SunGard say RXM will be run as an independent business unit within Trading and Risk Systems and will be led by president George Zafirakis. Prior to GE, Zafirakis was with Citibank and then Hogan Systems as managing director, Europe.
The Risk Exposure Management service (RXM) is a global limits, risk and exposure management solution that supports the trading activities of wholesale banks. RXM allows users to centrally administer credit allocation; monitor global product, counterparty, limit, exposure, and exception information; aggregate, calculate, and consolidate global exposure and risk in real time.