Secondary market automation

[Emmanuel]

LendingRobot now offers both automated buying and selling on the Lending Club secondary market.
Buying on the secondary market is very similar to the primary market, albeit with slightly different criteria (such as credit score trend). For selling, we manage a kind of 'dutch auction', meaning we automatically lower the prices of notes until they're sold.

You can see more details on http://blog.lendingrobot.com/post/111977932781/automated-secondary-market-trading" class="bbc_link" target="_blank">http://blog.lendingrobot.com/post/111977932781/automated-secondary-market-trading

[BruiserB]

I haven't participated in the secondary market at all....buying or selling. This might persuade me to give it a try.  Do you foresee a day where LendingRobot would be able to evaluate individual secondary notes and assign them a predicted return like you do on the primary market?


Sent from my iPhone using Tapatalk

[lascott]

https://forum.lendacademy.com/index.php?topic=3070.msg27776#msg88888888Quote"> from: BruiserB on February 25, 2015, 01:35:48 PM

[TravelingPennies]

https://forum.lendacademy.com/index.php?topic=3070.msg27776#msg88888888Quote"> from: BruiserB on February 25, 2015, 01:35:48 PM

[TravelingPennies]

https://forum.lendacademy.com/index.php?topic=3070.msg1#msg1">Quote"> from: Emmanuel on February 26, 2015, 10:57:15 AM

[thezfunk]

This is great news but...

I sell notes that are down 50 points or more.  I don't see a way to specify notes any narrower than 'trending down'.  I don't want to sell notes that are down only 20 points.  Is there a way to add that granularity?

[rawraw]

https://forum.lendacademy.com/index.php?topic=3070.msg27811#msg88888888Quote"> from: thezfunk on February 27, 2015, 10:04:38 AM

[rockinray]

+2,000.  I would also be interested!


Sent from my iPhone using Tapatalk

[TravelingPennies]

Oops...I posted in the wrong place.