(22 July 2025 – United Kingdom) Argentex, a UK listed foreign exchange risk management firm, has been placed into administration following a liquidity crisis caused by volatile currency movements during President Trump’s trade war era. The company was unable to raise £24 million in liquid assets required by the Financial Conduct Authority (FCA) to continue servicing customers, leading to a second suspension of its shares and the resignation of its interim CEO.
The crisis began in April, when Argentex faced significant margin calls after the US dollar weakened, prompting its initial trading suspension and the departure of its previous CEO.
The FCA is overseeing the situation and FRP Advisory has been appointed as administrators to return safeguarded funds to customers.