The last quarter of 2011 was as quiet as the second one — the most Volatility during 2011 was experienced in Q1 (Japan’s Tsunami) and Q3 (Euro Zone’s instability). In Japan especially, volumes were relatively low as the Yen traded in a narrow band, becoming unattractive to day traders. FXCM further increased its position as the world’s largest Forex broker, with its retail forex volumes reaching an average $341 billion a month.
FXCM’s institutional forex volumes kept growing at an impressive pace as well and reached an average of $118 billion a month. MF Global unfortunately was scrapped from this list due to its bankruptcy and legal proceedings. In Australia local brokers outpaced the global growth, with Pepperstone, for instance, growing substantially faster than others. For the first time, Admiral Markets, ACM Gold and eToro’s numbers are available. Due to new information that came in, GFT’s numbers were reduced. IBFX and Tradestation were merged into a single position just like City Index and FX Solutions.
Overall monthly volumes grew by a modest 4.5%, excluding Japan. Including the Japanese market, which didn’t rebound as forecasted in the previous report, volumes decreased by 1.0% to $4,777 billion a month.
The result: Retail Forex market volume is $217 billion daily and $4,777 billion monthly.
You can find the full date in the Q4 2011 Forex Magnates Quarterly Forex Industry Report.
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| Monthly | Daily | |
|---|---|---|
| FXCM | 341 | 15.5 |
| Saxo Bank | 250 | 11.4 |
| Alpari | 202 | 9.2 |
| IG Group | 160 | 7.3 |
| Oanda | 160 | 7.3 |
| Gain (forex.com) | 134 | 6.1 |
| GFT | 120 | 5.5 |
| FXPro | 101 | 4.6 |
| Forex Club | 95 | 4.3 |
| FXDD | 90 | 4.1 |
| City Index/FX Solutions | ||
| Interactive Brokers | ||
| FXOpen | ||
| CMC | ||
| Dukascopy | ||
| MIG | ||
| Ava FX | ||
| iForex | ||
| Interbank FX/Tradestation | ||
| markets.com | ||
| AC Markets/Swissquote | ||
| London Capital Group | ||
| HY Markets | ||
| MB Trading | ||
| XTB | ||
| Easy Forex | ||
| Citi FXPro | ||
| Advanced Markets | ||
| PFG Best | ||
| GoMarkets | ||
| Barclays FX | ||
| Admiral Markets | ||
| 4xp (ForexPlace) | ||
| Pepperstone | ||
| thinkorswim | ||
| ActivTrades | ||
| ACM Gold | ||
| Axis | ||
| Deltastock | ||
| xforex/Askobid | ||
| bforex | ||
| eToro | ||
| City Credit Capital | ||
| Russian Brokers* | ||
| South Korean Brokers | ||
| Japanese Brokers | ||
| 500 small brokers | ||
| Total | 4777 | 217 |
