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Cinnober Financial Technology Names Javier Tordable CEO

March 12 (Bloomberg) -- Cinnober Financial Technology AB, which provides trading and clearing services to exchanges, named Javier Tordable as its new chief executive officer.

Tordable, who was previously head of Plataforma Alternativa de Valores Espanoles, or PAVE, which sought to create an alternative trading system in Iberian markets till it closed last month, will take over from Per-Anders Hall Bedman, who’s been acting chief executive since November, the company said in an e-mail today. Hall Bedman will return to his deputy chief executive role, the Stockholm based company said.

Cinnober’s clients include Deutsche Boerse AG, Europe’s largest exchange by market value, NYSE Euronext’s Liffe derivatives market and Brazil’s BM&FBovespa SA.

To contact the reporter on this story: Nandini Sukumar in London at nsukumar@bloomberg.net or NandiniSukumar on Twitter

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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