bigfoot12
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Post by bigfoot12 on Feb 12, 2015 20:07:09 GMT
Or they could just release an API that'd allow an AI program / script / bot to read the market data and twiddle all the knobs (and add funds via debit card if required) to do exactly what the user wanted .. well 'exactly what the user asked for', anyway. 8>. Or let us upload our code in Python/Lua to run our algorithms on their servers. Now if they did that I'd never get my day job done :-) Chris says API is coming in Q2 API forum post
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Post by chris on Feb 12, 2015 20:13:40 GMT
Or they could just release an API that'd allow an AI program / script / bot to read the market data and twiddle all the knobs (and add funds via debit card if required) to do exactly what the user wanted .. well 'exactly what the user asked for', anyway. 8>. Or let us upload our code in Python/Lua to run our algorithms on their servers. Now if they did that I'd never get my day job done :-) And I probably wouldn't get to keep mine!
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Feb 12, 2015 20:27:49 GMT
Or let us upload our code in Python/Lua to run our algorithms on their servers. Now if they did that I'd never get my day job done :-) And I probably wouldn't get to keep mine! We could make your job easier by getting rid of all those fractions of a penny.
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niceguy37
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Post by niceguy37 on Feb 12, 2015 22:12:38 GMT
That would be a perfect solution for what I was after doing, chris. Thanks to everone else for the useful comments. Whilst having a 'priority investment' flag sounds nice it could be detrimental to overall investment because it prevents investments in other loans. For example you set a £1000 target for an upcoming loan and set the priority flag, with the loan being relatively small and popular individual lenders only get allocated £100 so you have £900 un-invested. However without the flag you have the possible situation that other lenders will attempt to sell off some of their existing holdings in order to free up cash for the new loan so you could well find that you have invested £1000 in loans that you want just not necessarily the one particular loan, this is particularly so if everyone else is setting the 'priority investment' flag. The situation becomes worse after the release of the loan if you only £100 of your £1000 target and you don't reset the priority flag as in the worst case situation you could find yourself with a £100 invested and £900 un-invested the whole life of the loan. I envisioned it working as such: You hope a juicy new loan is going to draw down and set a target of £1000. You mark this loan as a priority, along with the dozen or two dozen you have been after for ages. You reserve say £1100 cash for priority loans, and hope you get £1000 of the new loan. You've also got £100 ready in case the shrapnelator sells any of the other priority loans. If you fail to get what you want in the new loan within a few days of the new loan drawdown you might need to adjust your settings, but at least you are unlikley to lose out of any of the priority loans that arise. It's certainly not perfect but it would be a big help. I've proposed more complicated systems where you rank the loans and the system tries to migrate your portfolio to the higher ranked, selling off lower ranked loans to buy up higher ranked ones. Not surprisingly AC have higher priorities at the moment, but such a system will come eventually because there are many competing P2P platforms, all seeking a competitive advantage and an increase in efficiency.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Feb 12, 2015 23:58:58 GMT
chrisWhen a new loan draws down the system runs a program to determine how much will be allocated to each lender. Can that program be run but not executed each night for upcoming loans, and display the predicted allocation ? That only leaves one variable, lenders with insufficient funds, but if each lender knows their predicted allocation, most will allow sufficient funds.
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