Former DGCX chief executive and Liffe trader Gary Anderson passed away yesterday after a short illness.

Anderson, who was a well-known and hugely popular figure in the global derivatives markets, stepped down from his role at the Dubai Gold and Commodities Exchange in October due to ill health.

He began his career as a floor trader on the IPE in 1981 before moving onto the Liffe floor.

Anderson held positions at Goldman Sachs, Deutsche Bank and the Tiniti Financial Group and joined DGCX as CEO in April 2012.

He presided over a period of unprecedented growth at the exchange during which it was recognised as Emerging Exchange of the Year by FOW two years in a row.

Ian Wright, head of business development at DGCX, said: “In his short tenure here he made such a positive difference to the exchange. 

“His experience, knowledge and gentle but strong leadership style made it a true pleasure to work with him.  Our thoughts are with his family at this time.” 

FOW will be collecting and publishing comments from the market on Gary’s impact and legacy. Please e-mail your reflections and comments to Will Mitting at wmitting@fow.com.