In Memory

Gary Lapayover (ZERO)

Gary Lapayover, a longtime NYMEX member and former floor trader, passed away on Saturday, April 11. He was 64.

Gary was a resident of New City, New York. He is survived by his daughter Erin and son Adam.

After beginning his career as a clerk on the floor, Gary eventually went on to become a floor broker. He served on the Board of Directors for many years and was active in several committees, including the Executive, Training and Education, Marketing, and Finance Committees. He was also the Chairman of the Floor and Membership Committees.

“Gary was a unique person who cared for and contributed greatly to the success of NYMEX,” said former NYMEX Chairman Mitchell Steinhause.

Robert Reda (REDA)

Robert Reda passed away in Middletown, NJ on April 28, surrounded by his family. He was 54.

A native of Brooklyn, Robert moved to Middletown 18 years ago. He was well known to many on the floor for his quick laugh and good nature, as well as his tendency to play jokes on his friends on the trading floor.

Robert loved going to Monmouth Race Track with his family and friends. He is survived by his wife Diane and son Robert Jr.

Robert Edelstein (BE)

Robert was born May 4, 1946 in the Bronx. After attending Eastchester High School in Westchester, New York, he graduated Hofstra University and then joined Edelstein & Co at the exchange. The firm consisted of his father Sidney and mother Muriel, who was the first female exchange member on any exchange, as well as his brother Charles.

Robert traded potatoes, and platinum. After the exchange moved into the World Trade Center, Robert joined COMEX and traded silver. He lived in Battery Park and was an original resident after construction.

“He made friends easily, and worked really hard keeping those friends,” remembers his brother Charles.

Nelson “Ned” Shak (NNS)

Ned Shak passed away on May 11, at the age of 89. He was the beloved father of three sons, 12 grandchildren and two great grandchildren. Ned was a lifelong resident of Scotch Plains, NJ, where he lived with his wife Judy. He enjoyed 30 years of marriage with his second wife, Charlotte, who passed away in 2008.

Following his years as a commodity trader, Ned became an avid traveler, enjoying fishing and skiing trips with his sons and grandchildren. He also was a generous philanthropist and supporter of the Jewish Family Service of Central New Jersey.