Compliance Structure, Process and Transparency

Our clients take comfort from our levels of regulation and demonstrable lengths we have gone to in order to create a safe, compliant dealing environment bound by strict governance principles.

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Robust Compliance

 

Each client trade regardless of product, is matched at one of the firm’s institutional counterparties.  Existing institutional counterparty relationships are held with Barclays Bank PLC, Macquarie Bank International, Sucden Financial Limited and Citi Bank / Group.  All trades are over the counter (OTC) and matched within seconds.  

As an Authorised Electronic Money Institution, any funds received by Argentex prior to the value date of an FX trade or held by Argentex post trade but not yet paid to the order of the client are redeemed for Electronic Money, which is issued to the client and segregated accordingly.  All client balances are stored electronically on Argentex’s back office system, and repayable on demand in accordance with the Electronic Money Directive.  

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Argentex LLP and Argentex BV - fully owned subsidiaries of Argentex Group PLC

Argentex LLP is registered as a Limited Liability Partnership in England and Wales, registration number OC369106.

Argentex BV is a Dutch limited liability company, registered with the Chamber of Commerce, reference number 81662076.
Argentex LLP is Authorised and regulated by the Financial Conduct Authority (FCA) for investment business (FRN 781077) and as an Electronic Money Institution (FRN 900671).
Argentex BV is licenced by the Dutch Central Bank (De Nederlandsche Bank NV ("DNB") as an Electronic Money Institution (DNB ref R182875).
A member of SWIFT, with BIC ARTXGB2L.
Registered as a Foreign Financial Institution with the US Internal Revenue Service. Global Intermediary Identification Number (GIIN) CX6V2W.99999.SL.826.
Registered with the London Stock Exchange for the purposes of European Market Infrastructure Regulation (EMIR) reporting, LEI 213800OFFR9NLMLXI686.