dc848
Posts: 150 
Likes: 92
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Post by dc848 on Mar 1, 2018 21:30:12 GMT
Im busy buy buy buying within IFISA MLA. Or I was till 0815 this morning when all activity ceased. Some interest payments occurred this afternoon, and some loan movements began again at 1800 (but not a lot). And its all gone silent again as I write.
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walktall7
Member of DD Central
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Post by walktall7 on Mar 2, 2018 3:17:24 GMT
Being the first of the month interest was due on GEIA accounts and I think that thecomputers that has been a busy with that, I had a sale of GEI2 and it started selling at 02.35 for me. There is all these exchange processes and then we are buying into IFISA MLA accounts. I think the severs are a little busy.
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daveb4
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Post by daveb4 on Mar 2, 2018 6:20:02 GMT
GBBA2 improved overnight as mentioned had nothing invested from cash for about 8/9 hours but now about half in the system.
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TFTO
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Post by TFTO on Mar 2, 2018 7:28:03 GMT
GBBA2 improved but the overnight accruals failed again and I think these processes are related, so maybe further problems today.
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catlady
New Member
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Post by catlady on Mar 2, 2018 8:54:11 GMT
Looks like it is just sheer volume of transactions going on. I (like many others!) am trying to fund my IFISA MLA account and managed a good number of purchases on Wednesday but the last 48hrs has been a trickle with nothing at all on Thursday. Similarly, I am selling out of a few loans in my Standard account in order to fund the IFISA and have barely sold anything since Wednesday night even though a mix of rates and loan types. I guess I just have to be patient... It is a royal pain to have to fund my IFISA with just exactly what I have in my Standard account, having just done that build up exercise in there, but will get there in the end.
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ceejay
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Post by ceejay on Mar 2, 2018 9:49:42 GMT
I put a small chunk into GBBA2 mainly to see how it was working, and on the whole I'm happy: I am in >80 loans, only two >5%. So that's good.
What I'm not so sure is how or why I've ended up with three holdings < £0.01 ... I sincerely hope that this isn't going to be a problem when it comes to clearing out.
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TFTO
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Post by TFTO on Mar 2, 2018 10:03:47 GMT
Looks like it is just sheer volume of transactions going on. I (like many others!) am trying to fund my IFISA MLA account and managed a good number of purchases on Wednesday but the last 48hrs has been a trickle with nothing at all on Thursday. Similarly, I am selling out of a few loans in my Standard account in order to fund the IFISA and have barely sold anything since Wednesday night even though a mix of rates and loan types. I guess I just have to be patient... It is a royal pain to have to fund my IFISA with just exactly what I have in my Standard account, having just done that build up exercise in there, but will get there in the end. It is very unlikely to be transaction volume unless they are using poor quality hardware. They have issues with the software, some of which date back a couple of years or more. Just think how many millions of transactions the average bank or Ebay or Amazon get through every day, Assetz is small beer compared.
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niceguy37
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Post by niceguy37 on Mar 2, 2018 10:04:06 GMT
I noticed that after a steady flow of transactions the day before, on Thursday from 9:30am to 15:30 there were no transactions. But overnight the buy / sell algorithm started up again.
Perhaps the buy / sell algorithm was deferred to allow month-end interest processing.
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justsaying
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Post by justsaying on Mar 2, 2018 10:07:43 GMT
I've just checked and I've got over 13% in #441 in GBBA2, my next biggest holding after that is 4.4%. I've just had a "live chat" with a member of the support team who says that it "should be set to diversify the funds equally" but my problem will take up to 3 working days to sort out! Not really good enough........  |
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niceguy37
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Post by niceguy37 on Mar 2, 2018 10:32:07 GMT
I just opened an GBBA2 within an IFISA three days ago. I'm happy to report £7600 invested in 3 days, which I think is a very decent rate of investment. I am also overweight on #441, having 10.4% in this one loan. But the rest of the investment is well diversified, particularly considering the short period of investment. I think the issue with #441 is that it is a very large loan so there's a lot of availability, and almost all GBBA lenders will have significant holdings so the Exchange algorithm has no one to swap your #441 with. Hopefully, as new lenders come in, particularly now the IFISA is available, then loan #441 can be shared out between more lenders. Certainly 10.4% or 13% is very much improved on before the Exchange algorithm started, so I think it's working well. Well done chris and the team. |
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sl75
Posts: 2,092
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Post by sl75 on Mar 2, 2018 10:33:03 GMT
Being the first of the month interest was due on GEIA accounts and I think that thecomputers that has been a busy with that, I had a sale of GEI2 and it started selling at 02.35 for me. There is all these exchange processes and then we are buying into IFISA MLA accounts. I think the severs are a little busy. I tried cancelling and re-instating the stuck withdrawal target. Overnight, around the same time as you, sales started, and also a whole load more loan swapping shenanigans to completely obfuscate whatever it was supposed to be doing. Now it's overshot, and withdrawn more than the withdrawal target I'd specified, and due to the GEA being blocked to "new" investment I can't put the excess back. *sigh*
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Post by chris on Mar 2, 2018 10:39:04 GMT
Looks like it is just sheer volume of transactions going on. I (like many others!) am trying to fund my IFISA MLA account and managed a good number of purchases on Wednesday but the last 48hrs has been a trickle with nothing at all on Thursday. Similarly, I am selling out of a few loans in my Standard account in order to fund the IFISA and have barely sold anything since Wednesday night even though a mix of rates and loan types. I guess I just have to be patient... It is a royal pain to have to fund my IFISA with just exactly what I have in my Standard account, having just done that build up exercise in there, but will get there in the end. It is very unlikely to be transaction volume unless they are using poor quality hardware. They have issues with the software, some of which date back a couple of years or more. Just think how many millions of transactions the average bank or Ebay or Amazon get through every day, Assetz is small beer compared. Think about their hosting budgets and number of developers too! We have a private cloud infrastructure with Rackspace so the hardware is decent quality but we're outgrowing our current hosting solution and in the process of migrating to AWS. The database has been somewhat overloaded in the last 24 hours (hitting IOP limits on the SAN) but is catching up with itself. Once the AWS migration occurs, part of the major update in 8 - 10 weeks, then we'll have plenty of scope to scale hardware alongside just making software optimisations.
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Post by chris on Mar 2, 2018 10:42:40 GMT
I've just checked and I've got over 13% in #441 in GBBA2, my next biggest holding after that is 4.4%. I've just had a "live chat" with a member of the support team who says that it "should be set to diversify the funds equally" but my problem will take up to 3 working days to sort out! Not really good enough........ That's incorrect information and I've just updated the lender desk again to make sure they are aware. The diversification algorithm seeks to balance everyone's holdings to be broadly the same distribution. So if the average investment in #441 is around 10% (as it was last time I checked) then all lenders will end up in that ballpark. The more you have invested the easier it is to rebalance as there are minimum transaction sizes that can otherwise limit some of the redistribution. Typically it takes a couple of hours to cycle through the diversification process however it may be a bit slow at the moment due to other pressures on the system. Still would expect it to complete within a few hours though, certainly not days.
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justsaying
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Post by justsaying on Mar 2, 2018 10:47:18 GMT
I've just checked and I've got over 13% in #441 in GBBA2, my next biggest holding after that is 4.4%. I've just had a "live chat" with a member of the support team who says that it "should be set to diversify the funds equally" but my problem will take up to 3 working days to sort out! Not really good enough........ That's incorrect information and I've just updated the lender desk again to make sure they are aware. The diversification algorithm seeks to balance everyone's holdings to be broadly the same distribution. So if the average investment in #441 is around 10% (as it was last time I checked) then all lenders will end up in that ballpark. The more you have invested the easier it is to rebalance as there are minimum transaction sizes that can otherwise limit some of the redistribution. Typically it takes a couple of hours to cycle through the diversification process however it may be a bit slow at the moment due to other pressures on the system. Still would expect it to complete within a few hours though, certainly not days. Thanks Chris, I'll keep an eye on it today to see if it rebalances, I think I'm just a bit nervous as I've got 5 figures in GBBA2 so with 13%, it puts my holding in #441 waaaaaay over my tolerance level!
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cb25
Posts: 3,528
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Post by cb25 on Mar 2, 2018 12:14:27 GMT
I noticed that after a steady flow of transactions the day before, on Thursday from 9:30am to 15:30 there were no transactions. But overnight the buy / sell algorithm started up again. Perhaps the buy / sell algorithm was deferred to allow month-end interest processing. I also can't understand why buy orders on the MLIA, when there £s available, takes days. One would have thought there were a bunch of clerks sat behind the AC webpages rather than a computer. This sort of purchase should be instantaneous imo, as (for example) it used to be with FC when you could buy loans manually on the SM - see what's on offer, put in a request, done there and then.
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