FXSpotStream LLC, the aggregator service of LiquidityMatch LLC, has appointed Richard Kaltenbach as General Counsel. He will be based in the company’s Jersey City offices and will provide support to FXSpotStream’s global businesses.
“Having an internal counsel will allow us to expedite legal reviews, providing a faster, easier service for both client and LP. Rich brings a wealth of knowledge and experience to the role and we are delighted to welcome him to the team,” said FXSpotStream CEO Alan Schwarz.
Mr. Kaltenbach brings more than 26 years of legal experience to FXSpotStream, having served most recently at law firm Gibbons in New York. The bulk of his financial career was spent at inter-broker dealer NEX Group plc, formerly known as ICAP plc. He served at the UK-based business, which is focused on electronic financial markets and post trade business, for over 15 years until it was acquired by CME Group in November 2018.
At NEX, Kaltenbach was initially hired as Associate Counsel in 2004 and subsequently promoted to Senior Counsel, working his way up through several positions with the firm, culminating with the position of Global Head of Compliance in 2016.
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During this long tenure, he was responsible for all legal matters in the Americas region and led several practice areas across global regions. In his compliance roles, he was tasked with all aspects of the compliance function across 10 regulated entities in the Americas, EMEA and APAC.
Kaltenbach also managed legal and compliance staffs across the firm’s broker-dealer, SEF, and introducing broker entities, as well as NEX’s UK MTF and UK investment firm spanning various products such as FX and FX derivatives, US Treasury and agency securities, and interest rate swaps.
Prior to his in-house roles, he worked at two law firms, dating back to 1993, where his practice focused on commercial litigation, as well as employment litigation and counseling.
FXSpotStream provides a multibank FX aggregation service for spot FX trading. The platform operates as a bank-owned consortium that provides the infrastructure to facilitate the route of trades from clients to liquidity providers.