The ICC has quelled speculation that the ICC World Twenty could be moved away from West Indies by announcing that the tournament will be officially launched in Barbados on October 31.Earlier this week a newspaper report suggested the ICC were considering shifting the tournament due to the ongoing contractual dispute in the Caribbean which has led to West Indies fielding a second string outfit during recent matches, including the ICC Champions Trophy.Now, though, the ICC has said that Haroon Lorgat, the chief executive, will launch the event at the end of the month and tickets will go on sale the following day.The news was announced after the ICC chief executives’ committee (CEC) meeting in Johannesburg which has had two days of discussions over various issues.The CEC also worked on developing a draft of the next Future Tours Programme (FTP) since the current one ends in May 2012. A working draft of the same will be presented to the next board meeting.The CEC also appointed Justin Vaughan, New Zealand Cricket chief executive, to the ICC Cricket Committee while Nishantha Ranatunga (Sri Lanka Cricket) was appointed to serve on the ICC Development Committee.The ICC board is due to meet in Johannesburg on October 6 and 7.