Finance
Argentex Unit Halts Operations After Funding Setback
Published by Global Banking & Finance Review®
Posted on July 17, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleGlobal Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 17, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleArgentex's trading unit halts operations due to funding issues, following FCA's restrictions requiring £23.62 million in liquid assets.
(Reuters) -British currency risk manager Argentex's main trading unit will cease operations, the firm said on Thursday after it was unable to secure funding.
One of the first known casualties of the consequences of the global trade war, Argentex was instructed by UK's Financial Conduct Authority in late June about certain restrictions being imposed on Argentex LLP, the unit that is ceasing operations.
FCA's decision required Argentex to maintain liquid assets of 23.62 million pounds ($31.6 million), which the company failed to secure, resulting in a suspension of its shares from trading for the second time on Thursday in almost three months.
Argentex said its unit will cease any further commercial and trading activity until previously disclosed regulatory requirements are met.
($1 = 0.7473 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala)
Argentex's main trading unit will cease operations due to an inability to secure necessary funding.
The FCA required Argentex to maintain liquid assets of 23.62 million pounds, which the company failed to secure.
Argentex stated that its unit will halt any further commercial and trading activity until it meets regulatory requirements.
Argentex is noted as one of the first casualties of the global trade war, which contributed to its funding issues.
As a result of failing to secure funding, Argentex's shares were suspended from trading.
Explore more articles in the Finance category
