rscal
Posts: 985
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Post by rscal on Feb 5, 2020 8:38:51 GMT
I am using IFISA and standard account to buy/sell the same loans (as 'two' traders). For the most part both will sell an identical amount on a trade but one or two IFISA loans have not been doing this. AC chat claimed the markets are not linked directly and so sales will not match 'unless' an IFISA sale is bought into another IFISA - which cannot be guaranteed. This sounds plain wrong - and overlooks the overwhelming number of identical sales - albeit with a time and loan reference difference - that are the norm.
So a technical issue with particular loans causing the IFISA to left on the shelf a bit? I suppose all I can do is watch and note down the individual trades and ask AC look into it when they can? No automatic fix?
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Post by Ace on Feb 5, 2020 14:17:24 GMT
I am using IFISA and standard account to buy/sell the same loans (as 'two' traders). For the most part both will sell an identical amount on a trade but one or two IFISA loans have not been doing this. AC chat claimed the markets are not linked directly and so sales will not match 'unless' an IFISA sale is bought into another IFISA - which cannot be guaranteed. This sounds plain wrong - and overlooks the overwhelming number of identical sales - albeit with a time and loan reference difference - that are the norm. So a technical issue with particular loans causing the IFISA to left on the shelf a bit? I suppose all I can do is watch and note down the individual trades and ask AC look into it when they can? No automatic fix?
Hi rscal , not sure of my facts here, but I think I've seen some purchases effectively talking turns in a round-robin fashion. I haven't bothered to analyse my billions of micro-transactions, but from memory (entirely fallible): I have sometimes seen purchases of a single pound of a specific loan in one of my accounts with no corresponding purchases in others even though they all had similar extant purchase orders. The ones that I noticed were always for a single pound exactly. I have assumed that there was an algorithm that was doling out £1 shares in a round-robin or lottery fashion to minimise the number of micro-transactions that need to be managed and recorded. It could even be that they are trialling different systems from time to time. Didn't think to look whether it was favouring Standard or IFISA accounts. I was perfectly happy with this, assuming that it wasn't unduly favouring certain borrowers. As it's a technical issue, perhaps chris would care to comment.
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