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Post by GSV3MIaC on Jan 1, 2014 8:58:51 GMT
Has anyone else been following the saga? Looks to me like FC have kicked this into the long grass, maybe having figured out that it will result in some 3rd party dynamic autobidders appearing .. mass's market as opposed to Flipper specials. Info sure is hard to glean over on their official board .. you get a brief announcement and then deafening silence in reply to any further query.
Maybe they'll actually invent server-side dynamic bidding? Not going to be popular with the big flippers eityherr way.
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jimbo
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Post by jimbo on Jan 1, 2014 10:21:13 GMT
I've been keeping an eye on it, as was looking forward to making writing a bidding and portfolio pruning bot for it as a personal project. Will be really hacked off if they backtrack...
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Post by GSV3MIaC on Jan 1, 2014 14:30:18 GMT
So was I, about 6 weeks ago .. but I've about given up. Claudiu seems to have been purged, or whatever the current vernacular is, and the replacement is no more communicative. Probably easier just to go and automate Internet Explorer, the way the current master-flippers seem to have done - at least that way your bidder doesn't have to fight with one hand tied behind its back (as in '3-bids-a-minute across the whole site', vs B&z/B&zinga's 3 per second per auction).
Right now your portfolio pruner/seller might be more use - there's nowt much to buy for the last week, and secondary market parts seem to be flying off the shelves.
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Post by chris on Jan 1, 2014 14:57:27 GMT
May I recommend Casper.js as a fun way to learn something new and automate a browser. It can even take screenshots fully rendered by Chrome as it goes to help you debug what you're doing. |
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jimbo
Posts: 234
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Post by jimbo on Jan 1, 2014 16:23:13 GMT
Thanks Chris. I will very likely end up taking a look; particularly if FC backtrack on their API.
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Post by guyverthree on Feb 12, 2015 18:18:16 GMT
Hey guys,
What is this closed beta that you suggest ?
I applied for access to the API middle of last year and have heard nothing since.
I was planning on just keeping it small for myself to prune a single stake in all the loans in a sector at the top end of the rate.
Do you know if this is going to happen or more information on it ?
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is
Posts: 108
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Post by is on Feb 12, 2015 20:22:40 GMT
The API is and will be available for the foreseeable future to institutional hold to maturity investors.
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maxmarengo
Member of DD Central
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Post by maxmarengo on Feb 13, 2015 19:25:26 GMT
Like Chris, I got fed up with waiting for the API to appear. I have been dabbling with Selenium to provide automation through the Python programming language. It works with a number of different programming languages so if you are already an expert in Java or some other mainstream language it is worth having a look.
In my experience, some things work remarkably well, other things do not work at all and it is another way to waste a lot of time. But I enjoy it more than crosswords or telly.
So why would I share this information that might support competitors?
1) I like to share
2) If FC see that a lot of people are finding various uncontrolled ways round the lack of an API, they might see the benefits of providing some more regulated automation.
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Post by GSV3MIaC on Feb 13, 2015 20:14:45 GMT
By way of a start they could just provide some =guidance= for automation, even if they don't have an easy way to police it yet .. stuff like 'thou shalt not bid on more than x% of any auction', or 'thy robot shall not bid faster than X bids a minute', or thou shalt not bid more than £x,000 per minute, or whatever.
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is
Posts: 108
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Post by is on Feb 14, 2015 11:11:14 GMT
FC do not want to facilitate trading activity as they explained to me, and are looking towards more fixed rate / hold to maturity model. As I understand they have enough confirmed finance on that basis. Does not mean they will kill off variable auctions / AM but they want to contain it, and are concerned about HF trading. So unlikely to see a general API release or making it easier to automate, quite the contrary.
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fasty
Member of DD Central
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Post by fasty on Feb 14, 2015 11:53:44 GMT
Ah, so perhaps introduction of a simple "capcha" type image recognition requirement for every bid would solve many problems...
Now, wouldn't that be fun!
Would probably banish all that gateway badness in one stroke.
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wysiati
Member of DD Central
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Post by wysiati on Feb 14, 2015 14:14:55 GMT
Ah, so perhaps introduction of a simple "capcha" type image recognition requirement for every bid would solve many problems... Now, wouldn't that be fun! Would probably banish all that gateway badness in one stroke. It would also make it unusable for manual bidders who simply want to invest a given sum in smaller (more liquid) loan part sizes.
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Post by GSV3MIaC on Feb 14, 2015 20:58:14 GMT
FC do not want to facilitate trading activity as they explained to me, and are looking towards more fixed rate / hold to maturity model. As I understand they have enough confirmed finance on that basis. Does not mean they will kill off variable auctions / AM but they want to contain it, and are concerned about HF trading. So unlikely to see a general API release or making it easier to automate, quite the contrary. Hmm, I've tried to get them to admit concern about it several times, to no avail, so you must be more persuasive than me. 8>. A simple limit on bidding rate (not, surely, hard to implement?) would solve a lot of the problems, iffin they'd even admit there is a problem. The API wa supposed to be limited to 3 bids a minute, which I think is too slow (manual bidders can do much better than that), but the current top bot rate of ~200 bids a minute (per thread) is too fast (IMO, again), as is 24*£960 being dumped in to the auction with <1 minute to go. I still favour the dynamic bid / bond auction model, where you put in your best bid(s) and when the auction ends everyone gets the top rate, whatever that may be. More flexible / saner than a fixed rate, and fairer than the current free for all. Also removed the incentive (or most of it) to bid late. The downside it that the insane autobidders would no longer be able to scr&w themselves and lower the overall avg rate (and the flipping activity would be much reduced .. more like underwriting instead). If they really want to kill off HF trading they can just remove the ability to sell at a premium (leave 'at a discount') (and drop their 0.25% fee at the same time) which would end it at a stroke. They SAY a lot of things, but by their DEEDs shall ye judge them, and their deeds are a whole lot different so far.
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