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Simon Raybould's departure from Liffe last week sparked some scratching of heads and wagging of tongues in the City. The exchange's decision to let the md of sales and marketing go proved unpopular among some market participants, a situation fuelled by speculation that a personal spat with ceo Hugh Freedberg was behind the move.

David Prosperi has left Chicago Board of Trade, where he has served as spokesman for 13 years. Prosperi was David Vitale's right-hand man during his tenure as ceo of the exchange and during a long career in media relations was also press secretary for US President Ronald Reagan.

In a week of high profile departures, Didier Bouillard has left back-office systems firm Ubitrade, formerly ATSM, where he was ceo. He has been replaced by Jean-Luc Wibaux, a co-founder of GL Trade. Wibaux left GL in...

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