oldgrumpy
Member of DD Central
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Post by oldgrumpy on Oct 24, 2017 20:05:35 GMT
One of the quirks of the platform to which I refer as "the (rates) anomaly". That borrower order has been filled now, but most of the £460K sub 6.5% lender offers still sit there unused and the next match will go out at c5.6%.
That lot sitting in 6.5% have been bypassed totally, it seems, by new and cancelled/re-rated lender orders.
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smezz
Posts: 180
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Post by smezz on Oct 25, 2017 13:56:52 GMT
Do you know if this would work?
You are sitting at the back of say the 6.1% lend queue when the borrower rate (on market view) clears the 6.0 queue and moves to 6.1.
If you now cancel your 6.1 lend order and resubmit it (at 6.1) will it match immediately like my 6.5 one did yesterday or go to the back of the queue?
I've just realised the borrower rate tends to stay 1 point or more behind the lend rate while matching at the lend rate so this probably only happens with the 'anomaly'
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smezz
Posts: 180
Likes: 73
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Post by smezz on Oct 25, 2017 14:22:14 GMT
could be fireworks! 760k 873k 8 borrowers on list.
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Post by propman on Oct 26, 2017 12:08:36 GMT
Do you know if this would work? You are sitting at the back of say the 6.1% lend queue when the borrower rate (on market view) clears the 6.0 queue and moves to 6.1. If you now cancel your 6.1 lend order and resubmit it (at 6.1) will it match immediately like my 6.5 one did yesterday or go to the back of the queue? I've just realised the borrower rate tends to stay 1 point or more behind the lend rate while matching at the lend rate so this probably only happens with the 'anomaly' THe new offer should match from the front of the queue. It is only where there is a quoted borrower offer above the bottom of the queue that you can queue jump, if you offer the rate of the highest borrower offer you will match that offer regardless of what else is present.
- PM
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r00lish67
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Post by r00lish67 on Oct 26, 2017 14:01:04 GMT
Markets crossed again - £170k going at 6.6% currently.
>>6.7% £214.7k
6.6% £63.7k
6.5% £120,600
£172,526 6.6%
£7,995 5.4%
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r00lish67
Member of DD Central
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Post by r00lish67 on Oct 26, 2017 14:03:17 GMT
1 year also crossed at 5.6%, not bad.
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mary
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Post by mary on Oct 26, 2017 14:09:45 GMT
1 year also crossed at 5.6%, not bad. Thanks, managed to cancel my 5.4% order and get 5.6%!
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