Auto Invest Feature

I agree on the last part re:current trend. But, I think, and that's only my opinion, is that it's due to the plethora of very large loans we've been having recently. I bid on the first few but, with elongated draw downs, realised it's better to wait & buy on AM. IF new promised proposals of some sort of bonus to new & loyal members are linked to pre-bidding or live bidding before auction close, AC might find yet another new shift in pattern. In terms of smaller loans, If I like it I always bid well before close to reserve my units rather than wait on AM

All ifs & buts at the mo, I can understand, and I don't envy your position in trying to keep us all happy

I very much follow the same pattern of bidding that j has just outlined.  It starts to feel as if you will need to use autoinvest to get anything on the AM.  Having joined Assetz in December, I have successfully diversified into about 35 loans very quickly due to the AM.  I wonder whether new investors will find it as easy as I did with autoinvest?  I saw an opportunity, brought some money in with gocardless, and bought.  New investors will presumably have to have the money sitting there just in case something comes up if the system is automated.  Indeed, we all will.

It's going to be down to how others decide to use the platform.  If there's a large number of loan parts going in a given loan then you can transfer in money at will.  If you want loan units in a specific loan, or set of loans, and they're only infrequently available then if others are also competing for them using auto-invest and having funds sat there will give you an advantage.  But how you approach investing is entirely up to you.

You missed all the fun, have you looked at the videos of the Lenders day, that might be your second call after you read E T.

Phase 1 of auto-invest will launch tomorrow afternoon, subject to one final test tomorrow morning to make sure we're all comfortable with it.  It is a very complicated system that runs asynchronously and in parallel which can lead to some quite complex performance characteristics.  It's actions in the primary markets are pretty straight forward but there's some complexity which needs careful monitoring and fine tuning in the aftermarket.

If I'm not 100% happy then I may delay by 24 hours to extend the amount of testing we do, or release the system for the primary markets but with the aftermarket code disabled.  I'll post a full update tomorrow afternoon with our final plans.

Phase 2 of auto-invest is targeted at early May for public release.  This is the part that allows for investment strategies where you can tell the system to automatically lend against your criteria.

This second phase of the system is actually relatively simple programatically, as a platform, but has a large amount of detail work that needs testing.  It also allows for some seriously complicated interplay between different subsystems and rules.  So again the release date is currently just a guide and it's a case of it being released when it's ready.  It's likely we'll set up a closed beta followed by a public beta before the full release.  We'll take a view in late April when the underlying code is complete.

Okay I'm formally pushing the launch back to tomorrow.  There have been some other unrelated issues on the site today (administrative stuff) that have been taking up all our time this morning.  There are also some changes we need to make ready for the FCA's new regime from tomorrow.

The good news is that the core system has passed its first tests today, working as expected.  There's a couple of UI changes we want to make to improve usability but it definitely feels like it's getting there.  We should be ready to launch early afternoon tomorrow.

Not yet.  Still doing final tests.  This is the biggest change to the site under the hood since the launch, so we're being a little bit cautious.