Argentex unit accepts UK financial watchdog's restrictions post collapse

June 26 (Reuters) - Britain's Argentex AGFX.L said on Thursday its unit has agreed to certain trading restrictions imposed by the UK's Financial Conduct Authority following the currency risk manager's collapse amid extended market volatility.

Argentex, one of the first known casualties of the market turbulence brought on by trade tensions, experienced a near total collapse in value after it suspended trading in April. It later agreed to a 3 million pound ($4.11 million) deal to sell itself to cross-border payments provider IFX Payments.

FCA's restrictions would permit the company's unit to continue serving clients under set parameters, but will limit new trading activity to specific products.

Argentex also needs to maintain liquid assets of 23.62 million pounds under the regulator's guidelines, effective from July 16.

($1 = 0.7293 pounds)