Key facts
- Societe Generale's foreign exchange forwards trading volumes with US fund managers more than doubled in Q1 2026.
- Pimco was a key driver of the surge in trading volumes.
- Societe Generale became Pimco's top counterparty for FX forwards in Q1 2026.
Societe Generale has reported a substantial surge in its foreign exchange forwards trading volumes with U.S. fund managers for the first quarter of 2026. The French banking giant saw its trading activity in this sector more than double compared to previous periods. A significant driver of this growth was the increased engagement from prominent investment firm Pimco. This heightened trading relationship propelled Societe Generale to become Pimco's top counterparty for foreign exchange forwards during the first quarter of 2026. The bank's performance indicates a strong uptick in demand for FX forward services from major U.S. asset managers.