Author Topic: Auto-Invest -- most loans are fully funded  (Read 5427 times)

ahoffman52

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Auto-Invest -- most loans are fully funded
« on: September 17, 2013, 01:27:17 PM »
Recently, I've noticed that most of the loans I'm trying to auto-invest in are showing up as "Loan fully funded." In the past week, 55% (56/101) of my loans have been fully funded -- in some cases, over 80% of the loans addressed by an single auto-invest confirmation email have been fully funded. Is there anything that can be done to help prevent this, e.g., having IR submit the request to LC sooner than it is now?

AmCap

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Re: Auto-Invest -- most loans are fully funded
« Reply #1 on: September 17, 2013, 01:31:11 PM »
Would you mind sharing the filters you're using?  You can load your strategy on the analysis page and then copy and paste the permalink.

rlv99

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Re: Auto-Invest -- most loans are fully funded
« Reply #2 on: September 17, 2013, 02:14:24 PM »
Would you mind sharing the filters you're using?

I have a similar experience, but, I fail to see what his filters have to do with the problem, assuming he hasn't tightened them recently.  One week, IR is getting me 4-5 loans each release.  The next week, 3-4 of those loans are fully funded before IR can get them.

I have concluded that LC wants to limit the API use by 3rd parties such as IR.  However, individuals can still get a limited number "manually", for the time being, if they are diligent.  Therefore, the individual , who is also an IR subscriber, can get his loans by being diligent ahead of IR, thereby generating the note to himself, "Loan Fully Funded", when, in fact, it is probably less than 50% funded.   

I hope the above makes sense.  I am just as frustrated as ahoffman52.


ahoffman52

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Re: Auto-Invest -- most loans are fully funded
« Reply #3 on: September 17, 2013, 04:19:22 PM »
My filters are customized with pretty tight criteria. There's nothing wrong with the filters themselves, as I've had them auto-invest just fine in the past. Only recently has there been a substantial increase in the percentage of loans being 'fully funded.' This suggests to me that there are now other big fish out there submitting orders to the API faster than IR is submitting them. That's why I wonder if anything can be done to speed the process, even if only by a few seconds, milliseconds, nanoseconds, whatever. I've read that high-frequency trading servers are coloated right at the exchange to gain just a few nanoseconds over the competition. I'm not suggesting colocation here, but I mention that for the proposition that even a short amount of time probably matters here. It's all speculation, though, as I have no way of knowing the root cause of this recent problem.

AmCap

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Re: Auto-Invest -- most loans are fully funded
« Reply #4 on: September 17, 2013, 05:13:09 PM »
I'm trying to get a bit more color on whether the problem is purely computing performance or demand based on your experience.

Zach

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Re: Auto-Invest -- most loans are fully funded
« Reply #5 on: September 17, 2013, 05:27:58 PM »
The problem is that currently IR auto-invest doesn't use the API because LC is very restrictive with providing API access to individual accounts. The API will almost always be faster than screen-scraping the order process.

viking

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Re: Auto-Invest -- most loans are fully funded
« Reply #6 on: September 18, 2013, 03:42:15 AM »
The problem is that currently IR auto-invest doesn't use the API because LC is very restrictive with providing API access to individual accounts.
Are you sure about this? I thought that IR uses the API for Auto-Invest. If not, what is IR using?

The API will almost always be faster than screen-scraping the order process.
I am pretty sure that IR uses the API to list the available loans on IR's website (at least up until a few weeks ago)
When I looked at the number of loans on IR's and LC's website, there were many more loans available on LC (http://www.lendacademy.com/forum/index.php?topic=1507.msg11611#msg11611). I believed that this was because the API caught the loans after posting, and by that time many loans were already fully funded (or at least in the baskets).

core

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Re: Auto-Invest -- most loans are fully funded
« Reply #7 on: September 18, 2013, 06:48:51 AM »
Are you sure about this? I thought that IR uses the API for Auto-Invest. If not, what is IR using?

This is rather interesting news to me as well.

I don't have API access and have posted similar questions before:  Is API access granted per account or do they issue an "API key" which a developer may use to log into any account?  Anyone with access should know.  If it's per account then obviously IR has no choice but to use screen scraping for auto invest because you can't ask hundreds of users to ask for API access on their own before they can use auto invest.

rev

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Re: Auto-Invest -- most loans are fully funded
« Reply #8 on: September 18, 2013, 10:39:48 AM »
IR do it all through the LC site, no API is involved anymore. (The API was never used to actually place an order, only to list loans.)
The delay to get your order placed, and therefore more loans are fully funded when that happens, is due to the random queue of IR users each time. I'm working on a solution to that.

Abberation

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Re: Auto-Invest -- most loans are fully funded
« Reply #9 on: September 18, 2013, 03:29:34 PM »
s.
IR do it all through the LC site, no API is involved anymore. (The API was never used to actually place an order, only to list loans.)
The delay to get your order placed, and therefore more loans are fully funded when that happens, is due to the random queue of IR users each time. I'm working on a solution to that.

Rev, are you saying that the issue isn't that the hedge funds are gobbling up the notes faster than LC can nab them, but that the majority of these notes are being gobbled up by LC users earlier in the queue? I'd love to know how much investment LC is responsbile for into the typical D E F notes.

SeanMcD

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Re: Auto-Invest -- most loans are fully funded
« Reply #10 on: September 18, 2013, 06:16:58 PM »
s.
IR do it all through the LC site, no API is involved anymore. (The API was never used to actually place an order, only to list loans.)
The delay to get your order placed, and therefore more loans are fully funded when that happens, is due to the random queue of IR users each time. I'm working on a solution to that.

Rev, are you saying that the issue isn't that the hedge funds are gobbling up the notes faster than LC can nab them, but that the majority of these notes are being gobbled up by LC users earlier in the queue? I'd love to know how much investment LC is responsbile for into the typical D E F notes.

I don't think he's saying that the hedge funds aren't having any effect, he's saying that there's a measurable difference between the number of loans available for the first (randomly selected) IR user and the last.  Hopefully he'll find a way to place orders for multiple accounts in parallel, so that it won't matter where you land in the queue of IR users.

viking

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Re: Auto-Invest -- most loans are fully funded
« Reply #11 on: September 18, 2013, 07:02:20 PM »
IR do it all through the LC site, no API is involved anymore. (The API was never used to actually place an order, only to list loans.)
The delay to get your order placed, and therefore more loans are fully funded when that happens, is due to the random queue of IR users each time. I'm working on a solution to that.
Approximately how long time does it currently take to go through the list of IR Auto-invest users?

p.s. The new method of accessing the LC site rather than the API is far superior (see this post: http://www.lendacademy.com/forum/index.php?topic=1507.0). Thanks Rev!
« Last Edit: September 18, 2013, 07:05:02 PM by viking »