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Speculator
You're right to a certain extent in saying that EBS etc lets you see the names (after you've traded of course) can therefore tell if Goldies M Stanley etc are all buying Euros for example. Unfortunately one problem of this is that as more more of the small / medium sized shops are squeezed out of business by these banks own platforms narrowing spreads increasingly these big players are the ONLY banks doing size on EBS Reuters ( in the voice brokers there's a sort of two tier system nowadays but I'm not going to go into that here).
So a dealer who sells Eur/Usd sees Stanley Goldies on the bid decides to turn their position buy with them is then likely to see say Barclays Citi on the other side of THIS trade. Where do you go then? Stick to the charts man then at least you have a chance of being on the same side of the hedge funds smart prop players.
GJ
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