BNP Paribas’ FX forwards notional jump 75% in Q2

- By Emma Siponmaa
- 03 Oct 2024

BNP Paribas regained top spot in the dealer rankings for foreign exchange forwards trades with US mutual funds in the second quarter as its notional jumped by three-quarters owing to increased business with Pimco.

Of the $56.8 billion growth in notional at the French bank, $44 billion was accounted for by more activity with the California-based fund manager, bringing BNPP’s total with US mutual funds and exchange-traded funds (ETFs) to $132.2 billion.

By contrast, the previous quarter’s top FX

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