Market Logistics

Market Hours

Monday - Friday, 6:00 AM PST to 5:00 PM PST

  • Market is closed on weekends and holidays observed by the Federal Reserve

  • Market hours are in local US Pacific time zone. This may affect users in a time zone that does not observe Standard/Daylight Savings time

  • API response values are returned in UTC Format

  • If users call the GET Listings, BUY Order, or SELL Order endpoints outside of market hours, the following error will be received:

    • 452: "Market is closed, please check back at [Open time in UTC format]”

Market Mechanics

  • The LCX SM Central Marketplace has a single listing time per day at 9:00AM PST that is immediately followed by a 15 minute auction window ending at 9:15AM PST

  • Loans that are bid on during the Auction Window are allocated randomly among the bidders. Outside of the Auction Window, the loans are available on a first come first serve basis

  • Loan prices may vary after the loans are listed. Price changes are based on LendingClub's proprietary logic which will evolve over time

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

"LendingClub" and the "LC" symbol are trademarks of LendingClub Bank.

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