Stricken currency firm Argentex in talks about emergency sale

Argentex Weighs Sale to IFX Payments After Margin Call Chaos

Argentex Group Plc, the currency management firm that faced a “rapid and significant” cash squeeze in the wake of US President Donald Trump’s tariff announcements, said it’s weighing a sale to IFX Payments after rejecting two other offers.

Stricken currency firm Argentex in talks about emergency sale

A London-listed company hit by the tariff-induced maelstrom in foreign exchange markets is negotiating a sale, with IFX Payments one potential buyer, Sky News learns.

Stricken Currency Firm Argentex In Talks About Emergency Sale - Great Yorkshire Radio

Sky News has learnt that Argentex Group, which saw trading in its shares suspended on Tuesday, is negotiating a sale with several parties, with IFX Payments, a privately owned company, said to be among the contenders. Banking sources said a definitive deal with a buyer could be announced as soon as Wednesday morning. IFX Payments was said to be one of several bidders which had been in discussions with Argentex’s advisers during the course of Tue…

Trump's tariff uncertainty forces Argentex to suspend share trading

Global currency risk management specialist Argentex has requested a suspension of trading in its shares on the AIM market, citing its exposure to significant volatility in foreign exchange rates. This follows the rapid devaluation of the US dollar following a series of announcements from US President Donald Trump regarding tariffs.  The London-based firm, led by CEO Jim Ormonde (pictured), says that it has experienced a rapid and significant imp…

Why Argentex's suspension suggests IG Group and CMC Markets shares are 'buys'

FX broker Argentex announced on Tuesday that its shares were being suspended due to concerns about its liquidity and financial position.  The company, which itself offers foreign exchange hedging and risk management tools, appears not to have properly hedged and managed its own exposure satisfactorily amid Trump-induced volatility.  Argentex said it had experienced increased margin […] The post Why Argentex’s suspension suggests IG Group and CMC…

Argentex Shares Suspended Amid Liquidity Concerns Driven by FX Volatility

The suspension of trading in the company’s shares on AIM took effect from 07.30 a.m. today. Argentex said its exposure to a rapidly devaluing US dollar, driven by recent tariff and spending cut announcements from President Trump, had triggered a wave of margin calls linked to its FX forward and options positions.  Argentex noted that the sudden currency shifts had created a “rapid and significant impact” on its near-term liquidity. In response, …