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 ... (full story)