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Post by chris on Feb 22, 2015 17:57:04 GMT
I think that you are right - you need some small percentage uninvested to pick up the shrapnel. I must say that I made a few mistakes with the "new" (Autumn 2014) website and I wasn't happy at first, but now it feels very comfortable. What is missing is the ability to prevent the autoinvest consuming all available cash with loan parts that have been available for while and leave a little bit for shrapnel. I really hope the API gets published soon. I'm sure there are many people out there with a background in Financial Engineering who'll come up with really good algorithms for this. I'm certainly chomping a the bit and I'll put all my savings and pension behind whatever I write. Having made the calculation for this post I decided that 4% was too much for shrapnel, and rather than spend a week or more moving money out and back into AC I decided to 'park' around 2/3rds of it in the GEIA. The GEIA made its usual bizarre purchase and sale dance, but all is now invested, and I just hope that when my remaining third has been consumed by shrapnel I'll be able to liquidate the GEIA (this worked fine last time after chris's unplugging of it, so fingers crossed). Yes, roll on the big switch off button, or is it going to be the preferential ranking button, whichever, I do hope it's nearer the top of the 'to do' list now. Well I hope all you API/AI whizz kids will share some codes with the rest of us if it gets that far, have AC indicated willing? An API is a high priority for us for a number of third parties that we're working with. Whatever we create that is retail investor relevant will be publicly released (ie. eventually covering full access to everything that can be done via the public facing website).
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Feb 22, 2015 20:15:40 GMT
I really hope the API gets published soon. I'm sure there are many people out there with a background in Financial Engineering who'll come up with really good algorithms for this. I'm certainly chomping a the bit and I'll put all my savings and pension behind whatever I write. Well I hope all you API/AI whizz kids will share some codes with the rest of us if it gets that far, have AC indicated willing? I'm not sure that those with a background in Financial Engineering have historically been good at sharing! In fact I'm not sure that it would be a good idea if they did share. Given that liquidity is very highly valued loan units are in demand because they are in demand. As soon as someone wanted to sell some that unit would no longer be in demand and some might even join in the sale. It would be much better if people used their own (and slightly different) unstable algorithms. It's been a while since anyone called me a kid and I don't think anyone has described me as a whizz, but it would be good to collaborate on a piece of code to handle the basic connection. Writing robust code which communicates over the internet is a bit tedious as there are so many things which can go wrong. We could each add our own bits in the middle of it.
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niceguy37
Member of DD Central
Posts: 504 
Likes: 254
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Post by niceguy37 on Feb 22, 2015 20:58:08 GMT
Having made the calculation for this post I decided that 4% was too much for shrapnel, and rather than spend a week or more moving money out and back into AC I decided to 'park' around 2/3rds of it in the GEIA. The GEIA made its usual bizarre purchase and sale dance, but all is now invested, and I just hope that when my remaining third has been consumed by shrapnel I'll be able to liquidate the GEIA (this worked fine last time after chris's unplugging of it, so fingers crossed). Yes, roll on the big switch off button, or is it going to be the preferential ranking button, whichever, I do hope it's nearer the top of the 'to do' list now. Well I hope all you API/AI whizz kids will share some codes with the rest of us if it gets that far, have AC indicated willing? An API is a high priority for us for a number of third parties that we're working with. Whatever we create that is retail investor relevant will be publicly released (ie. eventually covering full access to everything that can be done via the public facing website). Although I'm a software engineer myself, so theoretically well placed to take advantage of an API, I hope it doesn't create too uneven a playing field. Although the big boys always get some advantages, I've appreciated AC's attempts to allow smaller investors roughly equal access.
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Post by chris on Feb 22, 2015 21:06:47 GMT
An API is a high priority for us for a number of third parties that we're working with. Whatever we create that is retail investor relevant will be publicly released (ie. eventually covering full access to everything that can be done via the public facing website). Although I'm a software engineer myself, so theoretically well placed to take advantage of an API, I hope it doesn't create too uneven a playing field. Although the big boys always get some advantages, I've appreciated AC's attempts to allow smaller investors roughly equal access. Hence the automatic investment accounts and (when released) the bespoke investment accounts. We aim to maintain as level a playing field as possible whilst still giving all types of lender the tools they need. We're not going to get it right all the time but hopefully we've proven that we do listen and will respond if certain classes of lender can't invest their cash as effectively as another.
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