STC Market Update – 2nd December 2019
The STC market has been relatively strong over the past couple of weeks with the price increasing approximately 30 cents. Following a drop at the end of the last quarter surrender period the price has stabilsed despite a large number of certificate creations. The spot price has traded up from $37.00 to around $37.50. Not a lot of action in the forward markets with only a few trades reported.
The number of STC’s created last week was high again around 900,000. The previous week saw submissions for over 1 million certificates.
The number of STC’s listed on the clearing house currently sits at 318,257. A link to the STC clearing house can be found here.
Our latest pricing for both registered and non-registered STC’s can be found here.