Fraser Cowie has been promoted to director of sales for the London International Financial Futures and Options Exchange (Liffe). His previous position as director of the commercial services
department has yet to be filled.

After much speculation, Barry Drayson has left Reuters. Drayson was a key player in Reuters' deal with Cantor Fitzgerald for its international bond data, which has been caught up in litigation over the past several years. His departure from Reuters raises questions as to

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