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Post by zzr600 on Dec 10, 2015 11:58:38 GMT
The speed by which loans on the SM market disappear make me think there are web-bots operating on the site.
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freddy
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Post by freddy on Dec 10, 2015 13:28:17 GMT
Surely not !! You'd be the first to mention such a thing.
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freddy
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Post by freddy on Dec 10, 2015 13:28:32 GMT
Surely not !! You'd be the first to mention such a thing.
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Steerpike
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Post by Steerpike on Dec 10, 2015 13:39:25 GMT
A number of forum members have positively asserted that no BOTs operate on SS, others have expressed surprise at the speed at which loan parts disappear and suggested that if a part disappears faster than a human can position the cursor, enter an amount and click to confirm that perhaps some form of automation is being employed.
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Post by Deleted on Dec 10, 2015 15:31:05 GMT
I can certainly say that up to a few months ago, on the old site, the secondary market gave time/opportunity to manually bid and get something.
On the new site I have been unable to take anything (except an accidental 34p which the system allocated me instead of 300 £ on one of the first chances of use of the secondary market). I am 100% sure that at present someone is using bots on this market (and it is not difficult to write one to be honest).
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ablender
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Post by ablender on Dec 10, 2015 15:55:05 GMT
I can certainly say that up to a few months ago, on the old site, the secondary market gave time/opportunity to manually bid and get something. On the new site I have been unable to take anything (except an accidental 34p which the system allocated me instead of 300 £ on one of the first chances of use of the secondary market). I am 100% sure that at present someone is using bots on this market (and it is not difficult to write one to be honest). Can you write me one quickly if it is not difficult? I want to be able to direct it to any platform. I want to target any loan I want and get the best rates (for those platforms with variable rates). Thanks.
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grahamg
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Post by grahamg on Dec 10, 2015 16:12:16 GMT
Deliberately sold three scraps from different loans £1, £0.37 £0.25 they all went to q***********n within seconds. So no good SS saying no bots operating.
What sane person would sit at a computer waiting for these to hoover up
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ablender
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Post by ablender on Dec 10, 2015 16:19:14 GMT
Deliberately sold three scraps from different loans £1, £0.37 £0.25 they all went to q***********n within seconds. So no good SS saying no bots operating. What sane person would sit at a computer waiting for these to hoover up Not everyone is after small amounts like these, but the few who are have more time to do their buying as there is less competition. I am not surprised that the same person bought all three pieces. I am actually grateful for such people as sometimes I put a loan part for sale and someone buys most of it leaving a few pence. Then I have to wait for someone to buy those few pence so that I can get my money.
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oldgrumpy
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Post by oldgrumpy on Dec 10, 2015 16:20:45 GMT
How do I find out who buys the loan parts?
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ablender
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Post by ablender on Dec 10, 2015 16:21:19 GMT
How do I find out who buys the loan parts? Make a banana trap.
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grahamg
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Post by grahamg on Dec 10, 2015 16:22:17 GMT
Deliberately sold three scraps from different loans £1, £0.37 £0.25 they all went to q***********n within seconds. So no good SS saying no bots operating. What sane person would sit at a computer waiting for these to hoover up Not everyone is after small amounts like these, but the few who are have more time to do their buying as there is less competition. I am not surprised that the same person bought all three pieces. I am actually grateful for such people as sometimes I put a loan part for sale and someone buys most of it leaving a few pence. Then I have to wait for someone to buy those few pence so that I can get my money. I will try again later they have to have a break sometime
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mike
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Post by mike on Dec 10, 2015 16:29:34 GMT
I've had the same experience. Once the new site went live the speed of transactions for a large part of the SM has become "inhuman". It's not a big deal for me at present as my portfolio is well diversified but I can see it being a limiting factor for future investments.
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star dust
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Post by star dust on Dec 10, 2015 16:35:21 GMT
How do I find out who buys the loan parts? If the banana trap doesn't work look at the 'investor activity' tab on the actual loan page. If it was a smallish sized loan part you may see yourself as seller and the purchaser/s. If it's a feeding frenzy you probably won't see a thing though. In Edit: Actually having just inspected a few loans it looks like they've reverted to just showing purchasers again on that tab, when the new site first went live it showed both purchasers and sellers.
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oldgrumpy
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Post by oldgrumpy on Dec 10, 2015 16:39:11 GMT
How do I find out who buys the loan parts? If the banana trap doesn't work look at the 'investor activity' tab on the actual loan page. If it was a smallish sized loan part you may see yourself as seller and the purchaser/s. Thank you star dust . I knew I'd seen it somewhere on the old site. So, I sold £2.40 of #25, and it was snappd up by .................. ............. q***********n
though I don't know how fast that happened.
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adrianc
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Post by adrianc on Dec 10, 2015 16:41:25 GMT
Deliberately sold three scraps from different loans £1, £0.37 £0.25 they all went to q***********n within seconds. So no good SS saying no bots operating. What sane person would sit at a computer waiting for these to hoover up Not everyone is after small amounts like these, but the few who are have more time to do their buying as there is less competition. I am not surprised that the same person bought all three pieces. I am actually grateful for such people as sometimes I put a loan part for sale and someone buys most of it leaving a few pence. Then I have to wait for someone to buy those few pence so that I can get my money. The bugger ignored the 44p that got left from one of my sales earlier. His bot must've been on a tea break. I ended up buying it back myself, so that I could get the other 99.8% of the sold part credited... This morning, there were quite a few shrapnel parts sitting about for ages - minutes - including in some of the more popular PBLs.
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