hey, I wonder how spot margin works!
There's an hourly auction and a certain amount X is lent, but within the next hour while it is lent the amount borrowed may go up above X. What happens?
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It is sometimes sad to spot borrow and spot lend the same symbol in tbe same hour TT o TT
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Replying to
Heh
So in general there is Y demand, and so the Y lowest funding offers will lend.
If X < Y then people might be unable to further open up margin positions.
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I mean the instantaneous demand at the auction is not necessarily equal to the max demand within the subsequent hour, and the docs don't really say what happens here
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ok, between this and the removal of the 6-hour lockup on margin lending I am VERY happy with the state of these things.
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oh it was not actually removed and I have just been smoking too much weed