can it be that the implied on the

[ud5555]

bor is the excenge it self?

 

[arabianights]

what?

 

[ud5555]

on the bor sorry...

 

[arabianights]

I don't understand the question

 

[ud5555]

when u see the implied on the bor who does that.

 

[arabianights]

the implieds into the outrights are done by the exchange. the implieds into the strategies (spreads, calendars etc) are worked out by the trading software but according to an algorithm published by liffe.

 

[ud5555]

thanks