SocGen FX forwards trading rockets with US fund managers
Counterparty Radar: Surge in French bank’s FX forward volumes propels it to second spot in Q1 2026
Pimco’s G10 foreign exchange forwards trading with Societe Generale more than doubled during the first quarter of 2026, boosting the bank’s total volumes with US asset managers.
Societe Generale became the California-based fund manager’s top counterparty during the quarter, where it traded an additional $37.8 billion in FX forwards compared to the previous three months, with around $54.7 billion traded in total with the French bank.
This resulted in the bank shooting up the FX forwards dealer
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