Market Logistics

Market Hours

5:30 AM PST to 6:30 PM PST

  1. 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
  2. API response values are returned in UTC Format
  3. If users call the GET Listings or BUY 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

  1. LCX PM has 4 listing times per day that are immediately followed by a 2 minute auction window
    • Listing Times (PST): 6:00AM, 10:00AM, 2:00PM, 6:00PM
  2. 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
  3. Loan prices may vary after the loans are listed. Price changes are based on LendingClub's proprietary logic which will evolve over time